Ultimately the lender will require a personal guarantee from the borrower unless the property qualifies for non recourse financing (which is rare and generally applies to larger transactions than those contemplated or executed upon by BP forum posters).

Certain markets allow you to buy completely remodelled and rented houses that will generate rental revenue right away without requiring a lot of upfront effort.4.

I would be hesitant to say its not required in Alaska, Mike.

When I wholesale a deal I require the buyer to pay all closing cost.

We don't require Saturday to Saturday, but do encourage it.

CCIM and SIOR are good options, but they require a level of portfolio requirements to receive the designations that you won't have until you get immersed in the business yourself.Ultimately, what you need more than knowledge to succeed in this this business, is the willingness to have hundreds of conversations weekly with people you don't already know, and to do that every week for the rest of your career.

We have "squatters rights" aka adverse possession laws but it's really difficult to meet the legal requirements for that: the squatter must live in the property as if it's their own for 18 years, paying property taxes, making improvements etc. and it must be open and hostile/ against the true owners wishes for the full 18 years continuously to be able to make that claim.

They require constant reminders, inspections, follow up, etc.

The required class seems to be a bit more hit or miss.

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