I just never seemed to have enough money, knowledge, connections, lending ability, experience, too young etc. etc I was acquiring information but failing to actually do anything with it and failing to seek out and develop my "Unfair Advantage" as Brandon Turner so aptly puts it.

Because you don't have the ability to assess the value of what you're dealing with, you probably just lost 4 to 5K.

Question for the wholesalers out there who have their businesses systematized with the ability to scale:Do you take all the seller calls live, or let them go to voicemail, an answering service, or a VA?

The funny thing is since then there have been many refinancings and credit lines.It used to be having equity made your balance sheet look good but that doesn't seem to matter much to bankers anymore; it is all about ability to service the loan.It seems to be an individual thing.

Here's an example, in which the key elements are factual.

At the very least, you will have some exposure to the local market, the ability to see a whole lot of houses, and the ability to gain a veneer of professionalism.

The ability and capital to close on properties changed everything.

When screening applicants you not only screen for ability to pay but additionally your ability to collect when they do not pay.

You must document borrower ability to repay.

Dodd-Frank won't apply to the origination, it's commercial.Neither a lease nor an option gives you the ability to make improvements without specifically addressing the issues, again, being commercial you can go there.I'll be back, have to run. :)