Ask for Nancy to walk you through the process.What's the end game for this deal?  

The reality though is the Genie is out of the wholesaling bottle be it Guru's  BP or any other RE site there are just too many folks with no money experience etc.. that get talked into the best way to get into the game is to wholesale.. so never going to stop it.. that's for sure.

It may be a game changer, and one of those deals where you hear everyone say "You can't do that".  

The key was watching Steve do what he did, uninterrupted.Good skill in your desire to take your game to the next level.  

There is no room for error here as you can get wiped out with a single bid if you are not careful.I do not mean to scare anyone out there I just think that for new investors there are much safer ways to get in the game. 

I believe they are much simpler rental property with a more cookie cutter approach and can often attract better tenants.

Nigel Johnson PM me for a contract and a quick discussion on your game plan.

If the deal is too thin to support a hard money loan and/or there is not enough borrower skin in the game to recoup your capital if things go awry, then you can lose money just like any other investment where capital is put at risk to earn a return. 

Feel free to Pm if I can help answer any questions.Guess a game plan I would follow would beGoals Education Getting you Financial picture in order to jump in.Sincerely Alex

I would love to build connections with current investors in San Diego to learn first hand more about this game we are choosing to play to provide housing for people and make some money ourselves!