If on the phone you don't find out how much equity they have then you are wasting your time 9 times out of 10 going to meet with them.

Without a plan, investors - especially newbies - are just wasting their time.The what if questions come from lack of information and fear of the unknown.

However I realize the long term benefits of working with others to create true wealth, and a solid business model.

Because I have developed my relationships with banks and HML's, as others are turned down they welcome solid investors like myself to loan money to.I also still feel that wholesaling opportunities are still a viable opportunity in any market, strong or soft, but a wholesaler has to understand the shift in numbers.

I am mostly wanting to priortize on accumulating solid, income producing properties but would not say no to other 'quicker $$' opportunties. nightowl/manuto23, can u PM me your email addresses?

This is a dead solid money LOSER, run away, quickly.Using your number of $25K purchase, the contractor is going to end up being closer to $25 or $30K for the work you're describing.

Profit: $140,000 (my share = $42,000)When it's all said and done, I will research the property and provide some solid information.

I applaud you for having the desire to invest and be smart about your money at such a young age rather than wasting it on going out, cars, and other lusts that will not make you money.You do need to try to start establishing some credit.

If you find solid buyers you can sell the buyer to other wholesalers, sell them to realtors, or find them properties yourself.

If others in the area all have new windows, hardwoods, and solid surface counters then you need to do the same.What are the numbers, comps and asking price?