I could get my hands on 10-20k but for a short period of time.

But on the other hand, because of the new law I have to be a licensed agent to approach people who are in forclosure.As far as the investing side, I'm just getting started wholesaling.

I've seen first-hand that the national guys are making it really tough for investors, while the local guys are doing as they've always done, but have clamped down a tad.Thoughts?

We do our own property management and remodeling, using subs as needed or required by code.We each have “regular jobs” and have always considered the rentals and a “hobby that has gotten out of hand”.

But you can hand write them if you wish, but would the seller or the new buyer really trust a hand written contract.

It was actually a little creepy.Then he handed me his card and told me to give him a call.Oh, and, no questions about the house what-so-ever.

We only had a partial hand in the May meeting but it went much better.

On the other hand, buying a property near market value with negative cash flow and hoping for future appreciation carries a much higher risk.

We are working with a few lenders right now that are very slow to get going and are costing us deals and money, let me know if anyone is in the area or can give a hand in pointing us in the direction we need to go from here.

On the other hand, if they can see you have a pile of cash in the bank or other assets, they may well try to get you to make up the difference.A related action that can happen is to be given a 1099 for the shortage.