Meaning you can increase the speed of searching the MLS, touring the property, and the putting in a contract on a property without having to wait for anyone.  

This question started because he was a little slow to ramp up, and though I get that ramping up takes time, I was wondering if perhaps the "cost-saving measures" he is instituting is possibly a cover for being involved in quite a few projects and that would actually explain the unimpressive speed.

Hey guys I'm hearing all of you speak about Realestate wholesaling, can you all bring me up to speed on this subject.Thank youShawn legreeMidland equity group

However, there is a base salary involved so I will be their employee; this demonstrates that although they are somewhat "hands off" it is in their best interest as well as mine to ensure that I am doing my job well (and gives me a little cushion while I am catching up to speed and building contacts/strategies).I asked them what has worked and mainly they have leveraged relationships with local agents for listings prior to MRIS, used their wholesale contacts, and have taken part in a few auctions.

I am looking to buy an owner occupied fourplex here in the near future and am really just trying to get up to speed with legal side of things.

Eric,As everyone else has mentioned - yes, have taxes and insurance impounded.And most certainly YES, be sure that you have someone on your side review/draw up the documents.Finally, please consider using a 3rd party servicing company to collect on the note - should you decide to liquidate (sell) the note having an independent 3rd party record of collections will help speed along the underwriting process.

Leverage is like speed.

., and can take months or years to come up to speed.

The good thing is that you have plenty of time to get up to speed and research your local market.

SAFETY and SPEED are our main concerns when doing deals.I'll be honest, although i have some investment knowledge of stocks and options, we are fairly new to THIS crazy world of REI.