if they don't take it, move on to a more motivated seller... nothing is more frustrating or time-consuming, as a newbie in this business, than dealing with an idiot who has an inflated perceived value of their property.

FICOS should be around 700 I'd like to take advantage of some of the reos here, and don't need the cash flow, so I can afford loan payments, to be paid from the LLC.

After reading David's Frustrations thread a few weeks back, I've been thinking about wholesaling, and seem to have found even more discouragement.

Since I had to put 20% down, then the maximum I can afford to pay for this property is $1.125 million.

We've gone from "Let's buy a house that we won't be able to afford once the rate adjusts and worry about that when the time comes", to "Screw it!!

In fact, most people couldn't afford to lose money every month on 10 properties.Who said he's ONLY buying properties at the 100's mark?

We are in VERY difficult economic times and I am seeing people group together with increasing frequency so that they can afford the rent.

I am hearing from tenants that they simply can not afford to live with the increased prices.

They are very affordable, however i would be weary of website service for $5 a month.Vance

You may look at selling or deed in lieuing your personal house so that you can downsize to something you can afford and still be able to keep up the shop payment and pay some principle down.