You need enough reserve funds to carry you while you wait to sell completed properties and for unexpected items that crop up during a rehab.You also need to establish relationships with Hard Money rehab lenders to finance your deals.

Nate,You indicated " Typically you have to either do a double close or a simultaneous closing " .. since I'm new in the game .. if possible, would you please discuss in details how I would be able to do this ?

As I bet you've already guessed, people would "buy" the big screen, then have Circuit City pick it back up after the games/parties and get their money back.Indeed, a money-back guarantee is most effective when the product/industry has a less than stellar reputation.

This is going to be my first piece of investing literature recommended by my boss. ( Who is a well established REI himself) Any feedback on this program will be much appreciated.

Just seems its introducing many people to the real estate game.....

If you need to offer Section 8 (or other subsidized) housing, there is no point to setting rents below the local subsidy threshold, which pretty much establishes the low rate for all typical properties.

There is no hiding game, and we are all up front about it.

If you aren't asking every homeowner or landlord if they will lease option their property to you, then you are not serious about playin' this game!

I am going to start out wholesaling with the goal to get in the game and eventually do REI full time.I am 20 years old and have been doing my own business online for the past 5 years mixed between web/software development, hosting, and advertising/marketing.

For example my loans are currently a quarter plus prime which is 8.5%.The interest only loans I use fit my game plan.