I believe those are some of the places being recommended.Few people have asked about the financing aspect, and I wouldn't need any, it would be cash purchases and rehabs.I wonder if its all "talk" and no one really has all these ~<$30K houses which are renting at $600/month?

Also, the most underrated aspect, your liability for when anything goes wrong at the house.

For example, I consider my time to be worth a good bit of money, so there are VERY FEW aspects of real estate that I consider worthwhile to do myself versus hiring it out.Many people ignore the fact that their time is worthwhile when making the DIY vs hire-it-out decision, and come to realize their oversight down the road.

There is psychology in selling, but a home purchase is major part of anyone's life with different aspects to address.

It all depends on your goals and what you want out of your investing, personally I hold ALL of my properties, and like the rental aspect of investing, but your talking about a pretty large spread, of which you could now pour into another rental property and possibly pay cash, or use that money to leverage, all depends on what you wanna do.

For me richness is about a balance in life.For me I try to get the most out of life financially,emotionally,spiritually,physically etc.I want to be balanced as much as possible in all aspects of my life.In a previous business I owned a restaurant.Great money but I was always putting out employee fires and they didn't care about the business like I did.In my 20's my cholesterol was 300 and my weight was 285 at 5 foot 9 inches tall.So I made some changes.Now I weigh 185 and cholesterol at 201.Workout and feel great,travel,work as much or as little as I want,and I don't feel like a slave to the business.If I choose I can ramp up my business more at any time but I control it now versus the other way around with previous businesses.I can show you a lot of tired,depressed,lonely,sad people that have a bunch of money.I would rather make 200k a year and have the terms I want in life then 350k and feel out of control and out of balance.Some brokers/agents tell me I will do this 24/7 and close tons of deals.I then ask them how long they have been doing it??

Again, stay involved in every aspect and learn learn learn.One of the most powerful lessons in any business is, know what you are great at, and hire great people to do the rest.

This topic is well covered on BP and I have provided some important aspects of the RTO issues before.

Naema,I find it difficult to believe than none of the responses you received contained any useful info other than go to the library, join a club and good luck.To become a wholesaler or contract flipper, you need a ton of knowledge about all aspects of real estate not the least of which is how to value a property which in itself can take months if not years to learn.or a ton of cash.

You don't want your end buyer spending money (or you spending time) without being able to verify important aspects of the subject property during your due dilligence such as ownership, encumbrances and legal status (whether or not the property is in foreclosure).Visit your county recorder's office and learn to search title yourself.