If the guy is flat broke, more reason to watch him closely.Its cleaner to be a high interest lender, but this can work fine if structured right.I used to do banks but now I borrow/partner with private lenders for all my deals, I'll gladly pay the extra costs not to deal with those bastards.

@Angie W.I find 20-minutes is usually ample time to show a flat or a SFR.

Land deal 1: 3.25 acres flat land located in Prince George County, MD, valued at $106,000 can get under contract for $50,000Land deal 2: 5.3 acres flat land located in Prince George County, MD, valued at $181,000 can get under contract for $100,000 or lowerBecause I am so new to real estate investing what other information do you need.

A flat, rubber membrane roof on top of an apartment building can run $30k+.

Or, perhaps the sales price is so low that the agent has a minimum commission to make that this sales price didn't satisfy (this should be disclosed before hand).Just flat out ask and see what they say.

The other wholesaler stated that the seller is paying a flat fee to market his properties and that we could split that.

I didn't think to measure the length but it was probably delivered on a flat bed.  

It’s a smaller 3/1 home with an extra flat lot next to it.

In my experience, you pay a flat fee to the agent (usually around 3 - 3.5% per side) and that is that.

Red flags: * Location* Topography* Lot characteristics* Title issuesLocation meaning -* Neighbors* Shopping* Main street (I won't buy on a main street)* Comps* CrimeTopography meaning -* Excessive slope or excessive flatness... neither of which are cheaply fixed* Flood zone or notLot characteristics -* Easements* Setbacks* Access* SizeTitle issues -* IRS liens, FIFA liens, etc... basically government leans that I can't do jack squat about.Everything else about a house, lot, or title I can remedy if the price is right.