The way the conversation began had a somewhat judgmental framework so it’s no surprise the post took such a turn, but in taking a step back, it’s all the same message — we can’t buy everything we want all the time, so we make choices.

Licensed  agents are reaching out hoping to get involved with investors or invest themselves , more and more states are cracking down on the legalities of the wholesaling framework,there is a general disgust and distrust of wholesalers as a whole .

Account Closed, Your basis would be your purchase price plus some of the expenses from your closing statements.Your basis includes the settlement fees, closing costs for buying property, improvements: see below. 1) if any improvements were done to the house, add that. 2) The following items are some of the settlement fees or closing costs you can include in the basis of your property.

There is no need for the average investor to do a title search themselves or prior to a settlement.

But I can tell you with out first duplex, we had a legal settlement of $5,000 with in my opinion an incompetent real estate agent, we had 2 tenants move out, we had the sale of our old property fall thru a day before closing because the buyers financing fell thru. 

At settlement the title company cut me a check for a little over $58,000.  

@Anthony Dooley wrongful death cases often end with multimillion-dollar verdicts and settlements.

This is a contract interpretation question and the contract has not been provided. lolWhat exactly does the contract say about the condition of the property to be delivered at settlement?

Thinking Fast and Slow by Daniel Kahneman, Behave by Robert Sapolsky, and The Happiness Hypothesis by John Haidt were all books that changed my framework for understanding the world.

the 20% down no appreciation rental real estate purchases of the last few years are already underwater if market just drops 10% from what they paid for them the other 10% will be eaten up in settlement charges.. so there goes the investors downpayments..