Because when the seller realizes he or she is not going to have to pay 6% of the purchase price to an agent I can negotiate a lower price and the seller is more likely to agree.The process was simple with the guidance of a good real estate attorney.

You still need the reserves for now, but you are in a good spot.Your real choice next is where to invest.

This does not include those who way over paid (not just overpaid).I expect the next 6 months to be the prime time to pick up a few good deals for those who know what to look for and how to negotiate in this market and area. 

I was just wondering if buying properties and rehabbing them would be a good way to transition into becoming a residential developer eventually?

For larger bridge loans and development deals they are solid Originally posted by @Jay Hinrichs: Tarik I dont think she said she was refinancing i think she said she is looking to finance so probably an purchase money loan My main point was that these scale of loans the borrower needs to look within and be realistic if they can truly qualify.I am not sure if this company will take the 10k when cursory information reveals a high chance of loan being rejected..and if borrowers are qualified for this type of financing they usually have a pretty good grasp on whats needed. 

Think, wouldn't a "bad" jobs/economic read be a GOOD thing?     

In other works I will negotiate the deals not listing agent and I will pay the Buyers agent a premium  probably 3 to 6%  I have had very good luck over the years moving harder to sell inventory when i boost the buying agents commish.

I'm doing something of a marathon - have gone through a good 30 in the last week. 

Might have this as an actual deal under contract soon... Just curious if the numbers look right to experienced wholesalers before I lock it in...Let's assume the property is in a healthy market area and that my ARV is...

Another good option is Steven Chrobak with Myrtle Beach Destinations.