Not over your head at all...Congrats - you have some good ideas....What I would suggest is a prop that is lower than market based mostly on cosmetics...flooring, paint, minor drywall, possibly cabinets, etc...you can get substantial discounts & still get the 1st time buyers rates & programs & such - then hold for a few years & possibly rent it out....or another option would be HUD foreclosures - they have (in our area at least) a 10 day "owner occupant priority" - before the true investors can even bid on them....much less competition....you may want to look into that avenue as well - Whatever your method - congratulations...

Not that my couch/entertainment center/dresser/whatever was any better quality or cheaper than the competition, but the buyers usually commented about how good the items looked.

However, it's getting very competitive out there so the banks will accept several offers (rather than first offer in gets accepted) and then take the best offer of the bunch.As for the guru's telling you about their whopper checks, look at the copywrite date of the material.

Again, I'm new so maybe my analysis is bad or maybe the competition is getting stiff.Anyway, Gregory it's great to meet you!

It depends how competitive the market is out there - to know what they can get away with.

Florida, he states, is very competitive in real estate, and there are many investors with huge amounts of money; basically if you don't have thousands of dollars to invest initially, you won't get much assistance.

That puts me at a competitive advantage in the marketplace.

It's probably not as competitive as the big city markets for buying wholesale, and you can become an expert in the area.

Don't overpay due to the excitement of competition none of the houses should be "must haves"Keep in mind you mission is to acquire a bargain.

Competition is pretty stiff these days though, so it will typically take a good few offers to get one to stick.