Starting out they are essential and should be used to minimize your risk when your ignorance is highest, but as your knowledge and confidence grows you may out grow contingencies in your offers.See any contingency you put in your offer makes your offer have less value to the seller.

There is value in the knowledge you receive from NRU, but the POWER only comes to those that apply the knowledge.

Each investor is to know their field and apply specific knowledge.

In my experience they have 1 manager who is a truly knowledgeable individual and he disseminates maybe 5% of his knowledge to the high school kids who work there because he hates his job and hates all the n00bs that work there.With that said, there are occasionally a few good people that work there, but they never stay long because they realize what I just said is all to true and can make more money helping their friends and family on an as needed basis.

Just because someone has a license to sell real estate does not make them all knowing, more knowledgable, or better negotiators.

I have a very silly question, and I came here, due to so much knowledge and information on foreclosure, and am hoping someone will respond back to me.

DON'T TRY TO GET RICH QUICK.Read, study, ask knowledgeable people, and ponder your future.

I'd say $5K or maybe a bit less is right in line, but I'm not an authority.As an example, if you had done your homework and had a knowledgeable partner you could get it under contract under your name and (as example) my name.

I'd suggest you read through the archives and gain enough basic knowledge as to be able to ask a meaningful question.

Hello to all -- decided to get involved here, as it is the first web site I have found on the subject of RE investment that appears to have experienced and knowledgeable investors who are willing to help others with their advice.