We are talking about the best asset known to man. A

My properties are primarily located in Iowa so your situation may be different, but I look up the property on the county assessor's website to get a feel for the taxable value of the land.

Public Goals: Establish Iowa brokerage by Dec 2014.                         

Here's my rule of thumb: If I (as a woman) would not live there, I will not buy there.

I know that investors in my area will buy at 70% - 72% of the ARV - Repairs... therefore, I must buy at 65% or less to make money and keep my buyers list interested in my deals.I’ve had some good luck negotiating deep deals but I’m lacking in the lead department.

If your goal is to cut down on the cost of living, having roommates help pay the mortgage is a popular way to go.And buckle your seatbelt, Seattle is not Orange City, IA.

The idea is that I as the investor would contact Realtors, and ask the agent to provide leads, which would be sellers who have had their home on the market for a while and it hasn't sold.

hey im tim im from iowa im been wholesaling for a year now and I aint sold no home or signed any contract im just looking for a mentor like u who can show me the ropes or maybe u know somebody who can teach me a thing or two  thinks tim

By no means am I a pro, but I will share the short version of how I got started.

Hi @Matt Crow  I agree with @Richard C. and @Will Stewart this is not a "too good to be true" deal.Other expenses to consider: Property Mgmt of 6-10% (even if you self-manage), vacancy rate (at least 5%), water/sewer (I, as the owner, pay quarterly for my multis in Manchester), and Maintenance/Repairs.