Also, the home could have a sale date and go into foreclosure at any given time, or not successfully postpone a known sale date, so you could wait for months only to have the rug pulled out from under you at a moments noticeBack during the recession, i had buyers wait several months on a short sale..

Hello folks, here is my story. We recently bought a property under market value at 80k, put in 15k repairs, rented, and refinanced at 115k. My main question and I would like to get input from experienced people is abo...

I am not having much success though. haha  How do you all have it set up?

It’s a sharing space where we can all offer something to help one another be successful.

Do you think in the long run, the terms of a commercial loan would set me up for success better than hanging onto great 30 year loans at low rates?

Yes, the market is competitive-but we are still having great success sourcing properties that fit our investment criteria.

Wholesaling is not easy and to have any success with it you need to either spend a lot of time or a lot of money or both. 

It is interesting fact that most super successful people had rough story in their past.

I think my positive attitude and desire to do the right thing will make me very successful in this business.

I had this happen ~ sort of~but I bought it at a discount and knew I’d be on the hook for the deposits ( triplex) Basically at the closing I signed an affidavit that stated I knew after the successful closing that once I took ownership I’d be responsible for them .