This was a good first "seminar" and I will definitely be getting up to speed on PA's landlord-tenant laws going forward.

It just depends on the speed of the title company.

If you partner up it may speed up the process.

Here you spent almost a year to force a deal to work to split 3,800 by 2 = 1,900.This is your profit before llc, paying for signs, etc.Yes you learned a lot but probably would have done much better in that year working with someone already highly successful at wholesaling in your area.To increase what you make you have to increase speed of time to close a deal.

However, the speed in which you must be able to pull comps, get to the property and estimate repairs, get a bid in, and actually get a winning bid becomes a full time job.

Because the trustee sale's are 100% buyer beware we're looking to avoid condemnation, and any major issues that could cause the property to be red tagged or otherwise require a lot of money to be brought up to speed.

To me, the property has to be attractive even with management expenses accounted for, then if we self manage, it's more of a bonus that we use to speed things along.Personally, I'd pass unless I could get the seller to accept 100 or maybe 105 at the outside.Best of luck.

Hi Folks,I'm currently waiting on the loan to be approved from my lender.However, the lender is moving at molasses speed and I'm approaching 60 days...just to get a loan from the bank!

Hard money lenders step in to finance these deals for an investor.2) Speed of funding..

There's also a chance you'll have to bump up your insurance premium if STR tenants are covered in your policy (they are in some).Not to mention that you're probably looking at paying $150+ per month for cable/satellite TV and high speed internet.I will say this, you're probably not wrong about kitchen appliances lasting longer.