But if you can sell cars successfully you can sell real estate.if you have 5 to 20k liquid to pay for marketing you can start.if you can go 30 60 90 days or longer with out getting paid you can startif you have a decent vehicle and afford gas you can start.if you know how to do an escrow that helpsjust much more too it.the negative you get is that many get desperate or it simply attracts the less than ethical folks because no license required and in some markets were they prey on the not so bright owners they can really abuse them... its a fine line for sure.. not to mention its illegal the way most do it in most states.. just because they don't get caught does not make it legal.assigning contracts OK.. makreitng a house you don't own on craigslist usually requires a licesneBut in my mind if your sharp enough to be a good wholesaler you can also be a good broker or anything else you choose to do.

I try not to show it until around the 10th because earlier you have the people who still have options and later you have the desperate people.  

He does it by finding sellers who are ignorant of the true market value, easily manipulated, gullible and/or desperate to sell to get out of a bad life situation. 

Once they know you (and know that you're a serious buyer), they'll let you know when they have a bank that's desperate to sell a property, they'll help push your offers through, and they may even tell you high you'll have to offer to win a property when competing against other investors.Also, once you know your market down-pat, you'll start to get a good idea of how much banks will accept for various types of properties in various conditions that have been on the market for various lengths of time.We average getting about 1 out of 5 offers accepted on REOs (we're very picky), and I know other investors who have even better ratios.

depends on how desperate this guy sounds. if not you can be nice. 

@Brian Gibbons Owner didn't seem desperate.

My wife, our son, and our doc have been living out of our car, and with winter upon us we are desperate to find a place to stay.

If you want to reach financial freedom and generate wealth for you and your family while limiting your risk exposure, which I think most people on here are; I think you're on the right track and I wouldn't sell unless you can think of 3 reasons why you should(desperately needing the money, being maxed out on loans, property not cash flowing, bigger opportunity cost from putting money elsewhere.The number 1 thing I would look at as you're trying to expand your portfolio is not only your COC return, but the return on your existing equity over time.

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