Wholesaling properties will dry up.

When there is a lot of uncertainty, a lot of fear, if you can think objectively and still have dry powders (cash is really king at these moments), you will make tons of money, and you will realize how profitable your decision could be years later, just like me.I’m not a handy person, I also had a full time job then, I didn’t want to deal with houses or tenants either, so I could be the last type of people who will be investing in real estate.

Ask them to send you prospects/comps that meet your criteria.Best way to find teammates is make sure they have skin in the game - this will make it a win/win.Now that you have your first property down keep moving forward.

You'll get the equity of your land as your "skin in the game" and could come out with a loan that covers 100% of your development costs.

Really common sense must I specify not to drain it dry and run it empty.

Thanks for the kind words.Once you dig into the leases you might uncover more issues.Depending on age of the center find out if a dry cleaners ever existed on the site.

We started drying out the area right away.  

Hey everyone. My two friends and I are interested in getting into the real estate investing game. We were thinking about starting out with an investment savvy broker to track down a deal and then connect that deal wit...

You will need to have some skin in the game as far as down payments some lenders will fund from 65% all the way to 100% after you have proven you know what you are doing.

You seem conflicted on how you are going to treat your tenants .On the one hand you want to be a nice guy and let them change terms of agreements on the other hand you want to take their security deposits I suggest you treat you rentals as a business cut and dry you can be fair and honest with people with out ripping them off or shortchanging yourself.READ over your leases and the state laws If your are honest and firm with your tenants you will sleep better at night.