I am beginning to picture this working in my mind.Biggest challenge right now is establishing credibility and finding buyers.

In Colorado, no negotiation is to be conducted by any branch of the government or by any representative of any branch of the government unless you are challenging the assessed amount of the property.

If they can't perform, move on.By the way, brokers will not like that you ask questions or 'challenge' their methods.

Yes this is nothing new to the big boys & girls out there, but new to me as I have only purchase new completed places.This is the current bus. model that worked on my building1-build/buy new & hold(unique duplex like SFR - thus hi quality tenants)2-cash flow-not great but good3-exit by selling as condos (30% higher value than the whole duplex structure)These are the rough number on one current duplex:-150K 0.4 acres land purchase for ONE duplex (an average - extremely hard to find)-300K Build and contractors fee-20K City utilities (can save here w/ tear down-Utililitie in place & easy to permit)-Appraised at 470KWith these numbers there is no deal/money to be made upfront unless the appraisal rises or the land price drops.

It will be a challenge in SoCal, but you'll find great deals in other, more prudent markets.Continued success!

Don't let obstacles or challenges stop you.

I'm writing this post to challenge those of you who would like to get started in wholesaling but have yet to take action.

There are certain deed types that pretty much indicate a cash buyer - for example, a sheriff's deed is issued from a sheriff sale in my area, then the challenge is identifying the third party buyers from the foreclosing lenders with that example.Another way is discussed in this next post:http://www.biggerpockets.com/topics/46184-help-from-massachusetts-investors-how-do-i-find-out-which-homes-were-bought-in-cash-?

We've been having the same challenge in Indy.

Seriously, back to REI, not THEORY but DOING IT...I would challenge anyone to surpass John in a couple of respects....1.