My husband and I are both very spontaneous and I am already finding value in this community to balance us with practical, calculated moves.

Short sales and REOs are practically over.

You will be met with skepticism from critics who practice traditional financing usually real estate agents, attorneys, your friends family and the like.

My point is not that these are hard rules but that the documentation has a different feel.You can then use what you've learned is common practice in your area and search for those documents suggesting a major life event has been triggered.

Bottom line is that I have learned a lot about wholesaling from BP and I decided to put it into practice.

Sounds like we're practically neighbors.

But let's be practical.

I'll preface that I have no experience with short sales - though theoretically possible, in practice, they do not exist here.That said, we have a clause in our agreement of purchase and sale that allows the seller to cancel w/o cause at the cost of 2.5 EMD.

When you have simultaneous deals going on all lenders are aware of your other contracts and loans in process, but they don't know the details of each deal nor do they know if you'll be approved and those other transactions effect how your application is viewed and/or approved.

But if you hold it for a very long time, the present value of any realization upon sale is so small (for many extra improvements), its practically immaterial.