Thus I have some extremely good tenants, college educated, with great jobs.Ok this current deal is a triplex in the C class area of town.

We don't have the same extreme price fluctuations that other states have, it's pretty even keel.

I think that in areas that aren't extremely depressed finding wholesale deals that make any sense at all are very hard to come by.

Hi Michael,This is not a bad idea however you must be EXTREMELY careful when creating this type of "fund".

If I have half the success you have had, I will be extremely pleased.One questions - when you are talking to potential sellers, how do you explain the benefits of what you provide (cash, quick close, etc.)?

I am also interested in listings these properties as short sales as long as they are not extremely under water. thoughts?

I have never owned real estate.After being self-employed for several years doing online marketing I went back to having a JOB about a year and a half ago due to, ahem, extreme fluctuations in income.

This was extremely helpful!

In extreme (but rare) cases, the bankruptcy judge can vacate the interest paid on the lien - meaning you only get back your principal.

How extreme has the run-up been in your area?