If you aren't asking every homeowner or landlord if they will lease option their property to you, then you are not serious about playin' this game!

I am going to start out wholesaling with the goal to get in the game and eventually do REI full time.I am 20 years old and have been doing my own business online for the past 5 years mixed between web/software development, hosting, and advertising/marketing.

For example my loans are currently a quarter plus prime which is 8.5%.The interest only loans I use fit my game plan.

They have been in the CREI game for 30 years

That question has now been answered in very bold headlines and already the "smart minds" have removed themselves from the blame-game.

Just some background on myself, I'm currently a welder but have experience in other fields such as auto mechanics, computer hardware and software, Paint and body.

For the most part, I have been really, really happy with my investments, but like most people playing the real estate game, I have made some mistakes.But that is for another topic.

By focusing on a smaller market (like vacant houses and probates) you are sure to get the cream of the crop that noone knows about.Foreclosures are public record, and they are fair game.

I told my buds that one was a big hitter for (large, Houston based computer company) and the other was a software designer for (big, Houston based software company) and while both had excellent taste in homes and cars neither knew jack about handling money.My buddy said; "well, you may be a slumlord, but at least your slums are on golf courses".

It is a mental game and those who get into a rut will stay there.With any proof all it takes is one false example to disprove the theory.