There are so many different strategies, goals, locations and views on RE that I'm confident ANY of those will work if you do your homework and due diligence first.

He also emailed out some of his slides, spreadsheets and documents with us so we have the details to hand.I thoroughly learned all the math to buy a good deal: maximum allowable purchase price, cost per unit, gross rent multiplier, net operating income, cap rate, debt service rule of thumb (.007), profit per unit, cash on cash return, coverage ratio and expenses rule of thumb percentages.I learned questions to ask a broker, the order to do things (check math before offering, confirming expenses before viewing property), how to use hard money lenders, negotiating with vendors and dealing with their objections, using vendor take back strategies, what to do in due diligence (everything), a list of clauses with how they benefit the purchaser and how to negotiate with them, how to stack the clauses, strategies for becoming a RE entrepreneur, ideas for creative financing, how to do no money down deals, how to make offers, what types of exit strategies affect the negotiations and more.I haven't spent much time on this site yet so this is probably covered along with lots more.

So I feel the need to have a more detailed view of how my returns pencil out if things don't go as expected.

I've leased to prior LLs, both very good, I didn't view it as a danger at all.

You can learn a lot from anyone reviewing your business plan and providing some feedback, different view points, suggestions, etc.

Owner is asking 160k, and I intend to rehab and sell for 225/235k if the value is indeed 280k, that should make this a very good deal for my buyer.Problem is, I'm 2100 miles away at the moment, and won't be able to view the property until next week.

The CFPB could be a well oiled machine slamming individuals in a few years.What I think is that there is now a greater awareness by the public and in the legal system of lending issues and a much closer view of what predatory activities might look like.

I am not necessarily against school - i wouldn't have the job i have without it and i like my job, so i am glad i have the piece of paper, but if you know you would like to do something that doesn't require it, I have changed my views that everyone should go.

(maybe long-term wholesalers have a different view, I really don't confess expertise in this area) I guess at the end of the day, it's my opinion/perception that if you're going to be a wholesaler you need to be able to sell to rehabbers, as well as buy and hold types.

Again this is required by law if you are going to view their credit report with your eyes.