![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/681807/small_1621495364-avatar-lemontw1.jpg?twic=v1/output=image&v=2)
22 February 2018 | 19 replies
What wholesaling is, is essentially being an unlicensed real estate agent with a fraction of the tools in your toolbelt that a licensed real estate agent has in theirs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/712899/small_1621495912-avatar-dwaynia.jpg?twic=v1/output=image&v=2)
7 February 2017 | 18 replies
I couldn't find any REI clubs in Mobile so BP will be essential to my success.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/417550/small_1636686584-avatar-arpita.jpg?twic=v1/output=image&v=2)
8 February 2017 | 5 replies
I have had tenants ask me this before, and the answer is essentially always no because there's more profit holding the property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/715464/small_1621495960-avatar-brendong2.jpg?twic=v1/output=image&v=2)
6 March 2017 | 10 replies
Patrick Donovan 203k loans are great but essentially you are taking the equity out of the house and using some of that to repair your house. lol it's always a catch to something that's too good to be true......I found this out recently as I thought it was just money from a large sum of money the government gives out.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/245514/small_1621435901-avatar-kimberly90.jpg?twic=v1/output=image&v=2)
19 February 2017 | 1 reply
Doing this essentially gives you a 0% loan.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/486581/small_1621478850-avatar-benjaminb16.jpg?twic=v1/output=image&v=2)
25 February 2017 | 8 replies
Then I can add a 15-20% factor for safety measures.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/305552/small_1621443100-avatar-christopherm22.jpg?twic=v1/output=image&v=2)
6 February 2017 | 1 reply
Although I'm qualified for conventional as well as fha, the lender said that most real estate agents are confused in thinking that only fha homes must pass safety and health standards, while conventional loan approved homes do not, so that when they say it isn't approved for an fha, it also likely isn't approved for a conventional loan.One house I was looking at in particular did have some issues, but it's well below my budget, 90k when I'm approved for 200k.
5 February 2017 | 2 replies
By using software or list sources, you are essentially outsourcing this analytical process and depriving yourself of an education that you can build on for years to come.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/410611/small_1709651737-avatar-lisaf13.jpg?twic=v1/output=image&v=2)
4 February 2017 | 5 replies
Essentially, that means there is no personal guarantee from the partner or a disqualified party to their IRA.There are many lenders out there that will put together a package and cross-collateralize several properties into one loan.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/713654/small_1696693014-avatar-andrewm247.jpg?twic=v1/output=image&v=2)
5 February 2017 | 2 replies
In this situation one company essentially has complete control over the condo association.