One of the biggest, most persistent myths in this country is that there are thousands of "innocent" people getting hit with liability suits every day.

The biggest issue with builders risk addendums is vacancy issues.

carrying a balance on revolving credit is probably one of the biggest factors that affects your credit score.

Now obviously to sell to other investors means you will have to buy at a significant discount or a at non-retail (wholesale) price, but the biggest component to wholesaling is selling quickly to OTHER investors for cash.

The biggest factors in a REO price are time on the market, condition of the property, fair market value of homes surrounding it.

You will have to repaint when they move and carpet won't last past 4 years.The $450/month guys pay in cash, they can't get a checking account, they may move in the middle of the night, they don't care that the dishwasher quit and you will have to fix sheetrock, floors and paint when they move.The biggest downside on the lower priced houses is that an electrician costs the same now matter if he's working on a $100K or $25K house, and appliances may cost less, they aren't free in that end of the market.So it's a trade-off of income versus expenses and hassles.Now let's look at selling those houses.

Mike,:welcome: Good to have you on board.Your biggest problem will be a tendency to let other things take priority.

I think my biggest problem will be how to approach people and try and convince them of what I am doing.

I'm very handy and always work hard but the fear of the unknown is my biggest concern right now and causing me hesitation.

What are your 3 biggest challenges in real estate investing?