You're goal is to use your small deposit to be able to go to a bank and get the biggest loan you possibly can.

I think their term of "flipping" is referring to the speculative "investors" that put deposits down on homes, then sold them months later for 5 digit or 6 digit profits."

It feels like free money to me...All they seem to want me to do is show up for 40 hrs a week and money gets deposited into my account every 2 weeks.

Tenants don't seem to understand that they can transfer from one account to their new address or that they might have to put up deposits at the local water, gas and electric companies.

.$25k deposit$25k balanceSome might do that.

When you go to buy the contract will need to read:Buyer: You....and or NomineePurchase price: $100,000initial deposit: $1500Additional deposit: $5000First Mortgage: $75,000Balance: $18,500All the "subject too's" for 30 days.

And again you have nothing to lose as if you let the condition period laps for any reason then you'll just end up getting your deposit money back.

For wholesaling I imagine it would be hard to buy anything with say no more than 2000 deposit, and I imagine it would be hard to get any clauses in there that would allow me to get any money back if it didnt sell in 30 days?

investors who bought a year and 2 ago are facing either foreclosure, HUGE negative cash flow, or cancelling contracts and forfeiting their 20% deposits.

mwarden,In other words, I won't pay more than 70% of the market value (less repairs) for a property, thereby giving me 30% equity at closing.ctrentalguy,You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.Mike