BRRRR can be refinanced at any time.4) Flips are much much more risky if the market crashes.

I have spent countless hours researching deals and arriving at single digit numbers that satisfy most of my investment criteria.

So, basically, don't put the onus on others to be completely trustworthy when their whole world has started to crash and burn - do your own research on the status of the property and here's hoping that you'll be able to help your contact out..  

Phillip we would be happy to help you in anyway and look forward to your arrival.

If anyone arrives i am at the bar.

@Shital Thakkar,Rental markets in a lot of places are "super hot" due to  the post-crash housing shortage.

-wholesaling, rehabbing, buying and selling real estate, I originally started by back in 2003 before the market crashed, which was really a good time, decided to exit the market in 2012 and went hiatus for 4 years and pretty much missed  the industry and a had a lot of good times and bad, The things I didn't know then I know now and the things I dont know Im open to learn.

Forget NYC for now, the next market crash you will be able to find deals in NYC, start in NJ the prices are great for beginners for flipping , wholesale, renting etc.

For example, if I buy a group of payments; do I have to wait for those payment numbers to arrive before I get paid back for them?

At the age of 24 I personally own over 1.2 mil in single family homes in Saint Louis, MO then lost over 400k in real estate do to the crash in 2008.