Also, more land can equal better appreciation in growth areas.

Consideration does not only equal cash as you stated, but it does make it clear cut so I use it!

Justin can correct my if my belief here is wrong, but the main reason for the reserve clause is to protect themselves from those who would hide their money somewhere.

For an average rehabber doing an average job, it is an equal split.

If you really want the property and think you have multiple bids, rather than loose out offer a price equal to the highest bid plus $1,000.

If you want to wholesale and don't want to put any money out of pocket you need to consider dealing with homeowners with equity. trust me there are tons out there contrary to popular belief.

I do have to agree with you on the fact that we do fully believe in CAS but have zero belief that Environ knows what they are doing or saying, from our understanding their main client is Lennar homes and they have been repairing homes under Environ supervision.

It all boils down to the fact that it's easy to say, "This is what I believe in," but it's much harder to uphold that belief during trying situations.

In addition, I see the economic "recovery" as a large-scale transfer of leverage from private individuals to the government and about equally unlikely to succeed in the long run.Unless you are buying properties at a significant discount to construction costs in areas that will continue to grow despite the recession, you can't be sure of the appreciation.

I usually pool with a fractionalized trust deed so each investor is in equal lien position or with a PPM.