JD Mathieu, welcome aboard :) let me know if you want a copy of our deal evaluator spreadsheet - it's pretty straightforward, and you can alter it to suit your particular conditions.Best of luck, and you're absolutely right - take the time to learn more about the market before jumping in - don't let anyone push you to buy "now" or "here" - there's always a red-hot market somewhere, and the world's your oyster, particularly with today's technology and its implications for the savvy investor.

Plus I think the banks are a lot more amenable to short sales these days since it helps them speed up the sale of the house and avoids any foreclosure red tape that they're having to deal with.I would guess that your best bet though would be to check with wholesalers and see where they're getting the most bang for the buck in terms of strategies.

Some ideas I had was to stucco the whole building, add spanish red tile roof, make a larger nice sign facing the street.

Ben D Lack of communication, a bunch of excuses and no payments would be a red flag for me.

For example, when you pay for that roof, you're probably in the red $3000 that month.If you have a P&I payment of $350 on that house, your cash flow falls to $150.

I'm new to wholesaling but I'll give you a back story to allow you to kind of gauge my experience when responding.I graduated from the University of Nebraska Lincoln (GO BIG RED!)

Big box realtor companyI was with a company like this (red...) and left pretty much immediately.

If I accidentally get someone with a listed property, I reach out to them again a week or two before their listing is set to expire.I use a Google Docs Spreadsheet for my Lead Tracker, and it's formatted in such a way that the status cell turns yellow the week before next contact, green the day the contact should happen and red if I miss it, not updating the "next contact" cell.Justin Pierce, one other easy no brainer, especially since you have an assistant.

If this hypothetical child has moved out before your ownership, that liability stays with the previous owner, not you (I added the bold).

I'm hoping he can help me spot some red flags.