Flippers and wholesalers are doing larger volume.

Some just aren't great at taking tests.I have always been an excellent test taker.My friends would study all week in school and know the answers but flake out at test time.They always hated when I studied for just 45 minutes before the test, went in and made a 95 to 100.I had the ability to block everything out and absorb the material for 45 minutes and take the test and then dump the info when I went out the door.The real estate test does not prepare you for real estate it just helps you pass the state mandate.90% of the stuff on there I do not use in daily transactions.

I may forget to take my meds daily, but I remember our conversations well.

Ill tell you how I do it.i find leads on (homepath.com,auction.com, auctionzip.com and i get a daily foreclosure list from my Realtor.

I do also look at CL daily, the prices vary so much, two homes built around the same time, one might be asking 7,500 and another is asking 40,000!

I'm guessing it's based on my daily holding costs, like up to "x" days I can afford to follow a full retail strategy, but beyond that I better get moving on a lease/option, and if that doesn't work within "x" days, I better....Thank you for your advice.

Numbers fudged for easy math; using 360 day year/30 day month. assumptions: borrowing $140K at 8% for 6 months; accruedannual interest = $7k; $19/dayanticipated profit = $40K; $111 opportunity cost/dayvacant building insurance = $150/month; $1800 annualized; $5/dayaccruing interest $19opportunity cost $111utilities $5property tax $5insurance $5Total daily $145; total monthly $4,350

That'll change their tune.In this instance tell them NO about using the sec deposit and make sure you send them ALL NOTICES as prescribed by law and add on those daily late charges.Good luck.all cash

The competition is fierce right now because quality inventory is in short supply and there are new foreign group out there that are willing to forgo the 70% rule and pay more for the property and work on a volume perspective.

I have done a ton of homework on the matter and I don’t want the daily bank beat downs.