The confidence, wisdom and success of the posters are extremely encouraging to this rookie!

I'm one of the newbies and currently dealing with my own lack of self-confidence.

I would want to be very confident about the value before jumping in.

I am fairly confident that I have identified Taz's study.

After reading this post I am more confident about what to ask, I will be doing the double close and will let you all know how it goes.

I was confident in their ability to pay and they really liked the trailer.

Im confident that good things will return to me, if I am willing to pass them on as well.

That should be possible, especially if you have $4-8K of your own cash.My simple minded formula looks like this:ARV: $80K70$: $56KIf purchase plus rehab = $56K, you'll net $8-12K profit.Since your purchase plus rehab is $34K, your profit should be much larger, more like $30K.You'll pay short term capital gains tax on that.You don't seem confident about the ARV.

I'm just getting started, but am confident it will be built quickly.

Sorry I can't tell you, you've got to buy my system....LOL I'm kidding.In 99% of cases the problem that paralyzes most newbies is they have absolutely no confidence in themselves.Since I specialize in wholesaling, I'll give you examples in terms of that, but this advice go's for anyone....I'm not talking confidence like "I am confident I can succeed" though that does play a small role....I'm talking about the confidence when you approach investors or sellers about putting a deal together you need to come in with the mindset of....