Hey all,If any of you want to meet up in a group, I'm trying to organize an visit to the Bronx foreclosure auctions on 7/3 or 7/10 at 2 PM, or the Brooklyn auctions on 7/6 or 7/13 at 2:30 PM.

My poor math skills. 192x12=2304 yearly interest.    2304\.08=28800.    28800/.8=36000.

Wholesaling sounds challenging and rewarding and I'm sure you have a wide set of skills. 

When you're able to control real estate on demand without cash or credit and able to assign your property while in contract and make money, you will then have the skills to build a  portfolio using the Control and Hold system of cash flow. 

Besides being able to check the box and receive your license after you take the test, the class will contain loads of applicable knowledge and skills that you can carry with you and build upon your entire career.These are just my two cents gained from listening to podcasts and reading books and blogs.

This market may not be the best entry point for a newbie--screening tenants is a skill that is learned over time and it is absolutely critical to success for this type of property.  

This city is highly skilled at turning simple transaction into red tape nightmares!

Because you are doing this to a charitable organization the tax dissappears.  

Educate, don't try to sell anything or expect any personal gain, but you can sometimes get organic business leads this way.

Every step I took I could have been better and more skilled.