Contrary to popular belief, you don't have to be a lawyer or Realtor to write in a contingency. 

But the truth - people have lots of limiting beliefs that they can't go to college or work and invest in real estate at the same time. 

I understand why Melanie is saying that you should work thru the listing agent to get a better deal - its a pretty common belief- but the reality is you shouldn’t get a better deal by working thru the listing agent, if anything you may not get the best deal possible because you aren’t represented.  

Purchase price: $80,000 Cash invested: $30,000 Purchased this 8 lot + 8 home park in November 2019 for $80,0002 trailers were junk so I called the local religious cult and they are taking them for me (saving me $$$)Cleaning them up 1 by 1. will rent them out for $850-$1000/ home.

@Trevor Bragg@Nicholas LohrHey what’s up guys I’m Paul new to real estate and I’ve been studying wholesale religiously for the past month came across this question because I wondered the same thing.

Again, I'm not going to interject my personal political beliefs, but between the bail outs and all the rest following the crash, the problem here is that we SEEM to have sent a VERY mixed message to the big banks about who is ultimately on the hook if they act too irresponsible (the tax payer).

I've been with the same company for 24 years and for most of that religiously funded my 401k.  

I start with the belief that the 50% rule is too aggressive at low rent markets, about right in most markets, and a bit conservative in high rent markets. 

My belief is you can find better management companies when you scale to larger projects.

There are a lot of investors who are going to get hurt and may have already been hurt by the fact they are simply buying the word "turnkey" based on their own understanding and belief and not necessarily any real value of the investment itself.