If you don't have money and/or an income source you will need to bring something else of equal value to the table.

Offer whatever discount would be about equal to a turn over.

Even if they clear out, your standing will generally be equal in the proceeds as other creditors.

I have seen many successful wholesalers at local REIA meetings and discussed with them their steps to evaluate and lock up a deal at equal or below 70% ARV.

Savvy invetors should diversify away from holding only dollar denominated assets.Also, keep in mind that we have seen equally as bad or worse times in our history and prevailed.

Also, I have the investor pay me a non-refundable deposit that is equal to $500-$1000 more than my earnest money check.I hope that helps!

Mine does, equal to the deposit.

Or, more renters and more homes equal out?

So when I work with someone I look at probability of a project funding and closing.If they meet x,y,z criteria then chances are high of success.If they fall into other categories the chances of success are very low.There are exceptions but you run a profitable business by sticking to what works the most.Everything you do needs to bring a quantifiable return on time equaling money.I personally like to run my business working with serious individuals and creating a lasting lifelong relationship.You learn their expectations and vice versa and create a team with great results.I do not work residential.

It is also the case that you can find many deals that are nearly equally as profitable on a cash flow basis that are in areas with better long term growth prospects - something to consider.I think baby boomers and generation Xers sometimes fail to realize that investing for the demographic demands of generation Y will be the way to profit in the long term future.