I am scared at the concept of borrowing 1m against the building with a 10 year term before variable 20 years.

This also so partners know that it is a thrustworthy business/concept.

While I didn't read the entire article, I imagine that whatever was ultimately proposed as an optimal bidding strategy was the same as following Nash equilibrium, another concept you might want to familiarize yourself with from game theory.Now, the problem with using Nash equilibrium -- or any other optimal bidding strategy -- in a real estate auction is that the item being purchased doesn't necessary have a commonly agreed discreet value (what the article calls a "common value model").Instead, the participants in a real estate auction may have very different perceived values of the properties up for sale, depending on what their exit strategy for the property is.

So far, at least 8 people have been involved in this, and it would have been far simpler and less expensive for the other broker to just pay my office and then go after their own agent for the money.

Because payment to buy in your area are below what rents are, rent to own should be an easy concept to sell.

I can't get simpler applicants on my property, and must take what I can get, or 2.

I'm thinking this way you can socialize the concept of using your preferred lender early on.

I know this post is quite old now, but I did not wait to start a new thread stating the same things over again.I've taken almost the last 2 years to work and gain experience in both the mortgage and real estate industry to become even more familiar with a lot of the terminology and how things work.Now that I have a firm grasp on many of the concepts, I'm happy to say that I will be starting a direct mail campaign today to wholesale properties.

Books are great for concepts, but learning how the "rubber meets the road" from successful investors has really filled in many of my knowledge gaps as well as made me aware of things I didn't even know I wasn't aware of.

When I first learned how to sell cars I learned that you just start talking about life dont talk about the car as you show the car you just engage the prospect.well I have stumbled upon something similar when showing apartments when I write my ad I am very detailed as to what is going on with the rental i outline the deposit the rent some of the terms what sort of application or background check will be done and any issues with the apartment that may need attention in the future (this is important)I add the issues because these will be concerns and I want to see how the tenant handles the concernsI instantly know by how a person can understand my concepts and my visionif they dont get it or dont see the value I dont want them as tenantsif they cant comphrehend the deal or value I am giving them then I dont want them as tenantssounds a little weird right?