Sold a few to people who intended to live in the house and make repairs for sweat equity, that may fit the definition as well.I assume that those who buy programs finanlly figure it out, that being in the wholesale business means buying distressed properties and selling them to a limited market of buyers.....other investors.I suppose in Detroit you might have an inventory to work with but what puts a newbie in the business ahead of seasoned investors in locating what they want seems to be a stretch to me.My last flip was found while out getting some food to go, a guy was talking about selling his house.

This is a notarized form written by attorneys.So my question is in a case like this how do you maintain your safety on going to make sure a house is empty when there could still be somebody camping inside that has been trying to cause as many problems as possible.Hope That question makes sense .

You'll definitely have to do more due diligence on your contractors and stay more on top of things if you don't have any construction background, but after a couple projects you'll start to learn that side of the business.Look at it this way, Warren Buffett owns businesses ranging from insurance to food to shoes to diamonds to paint supply to jets to furniture to railroads, etc...do you think he's an expert in all those things?

If it is then this could be your first one.Hope I've given you food for thought.

In addition, I also saw some activity and development by Rathbun's it seems that some is in the process of developing a food market of sorts.

I don't know if this is relevant to your situation or not, just food for thought.

I was told that I should try to extend it out for as long as possible and just pay extra once I built up a safety net, but they don't offer 30 yr. mortgages for this investment (maybe because it's not much money I am borrowing).

Just some food for thought.

No high paying jobs, just fast food or the school system.

I hope the forums provide you with helpful information and food for thought.