And in all actuality, a huge number of those (as I look through my notifications) come from well intentioned folks directing those new comers to resources.Having said that, I don't care how saturated your market is...

The issue about having a clear title got me thinking - (and maybe some of you more experienced wholesalers can help answer this), if our intent is to wholesale a property (by assigning an option, like Matt did), should it just be a standard order of business to order a title search and/or title commitment immediately after we get a deal under contract?

Does anyone know if I have to send a letter or where there might be a templete letter to send to warn tenant of my intentions to take him to court for money.

In this market your more likely to find first time home buyers with FHA financing meaning you CAN'T sell to them because of seasoning requirements.No offense to Kristine, I'm sure her comments have good intentions but I don't think they fit with this situation.Jeff

@ Bill Gulley: We are completely transparent in our intentions with our buyers.

He seemed pretty intent on keeping a quiet, study-indusive environment.

When your intent is to make money with the added bonus of genuinely helping people, not knowing what you don't know but learning as you go is the only those of us "without two nickles to rub together" is what we have to go by.

Conventional financing would be difficult, as FMV would be around $34K - although there might be some local banks and CUs that would take it on.My intent isn't to find a sucker and dump the property onto them.

I won't hold my breath though ;) lol @Brandon Turner -- I was reading through the Beginner's Guide last week but I actually came across your "7 Years to 7 Figure Wealth" book on RealEstateInYourTwenties and loved it!

I have no intentions of committing fraudulent acts and still very new to homepath, I appreciate the feed back.