My latest tenant paid 1st months rent and security deposit in cash, I was thrilled!

I am thrilled about being on this forum and soaking up as much information as I can.

We have been reading about/studying wholesaling for 3-4 months now.We can't tell you how thrilled we are to have found this website.

Seriously, I want the input.Wells REO (I believe, been a long time)List:159K1st offer:119K + change, cash offerasked biggest & best, said had a offer at asking in (I assumed and gambled was a financed offer, based off the response)Offered 124K, cash, 15 day closing.

I am thrilled to have found the BP community and open to any and all suggestions from fellow members.

My lender recently notified me that freddie mac & fannie Mae guidelines have changed that don't count gambling income as "income".This puts me in a bad position as I want to invest in more homes, but without getting financed I'm limited on what I can do & at this moment I don't want to change jobs because of this change.

I would be thrilled to see a VR forum cone to fruition.  

But you'll always wonder if you could have overcome your fears, what the thrill of overcoming them would have been.Mitigate your risks with real estate.  

In every project someone is taking a gamble.

Of course, you can never wait until you have everything, but it seems like there is significantly less one has to work with before starting real estate investing, making one's attempt feel more like a gamble than a calculated risk....Or is there?