The key to financial security - individual or societal - doesn't lie in counting on things to work in good times or on average.

I guess we will soon see what Malloy is going to do as he is supposed to start cuts now and the final budget debate must be done by Oct 13....kind of strange that lies on a Friday...good luck maybe?

Sorry for the crazy amount of questions... but I am mainly a rehabber/developer so my expertise lies in those fields...

I've heard a lot about Fraud by Inducement where the Wholesaler basically lies to the Seller and gives the Seller the impression that he/she (the Wholesaler) has the funds necessary to close but really doesn't.

Don't count your chickens before they hatch is all I would say.

At that point you'd be lying on your application because if you say yes now you have to factor payment into your DTI if you qualify no biggie.

Brooks Foster Another one because:" i like big chunks of coffee and i can not lie" :-)You have to figure out what people need and not so much competing.Talk with local people to get a sense if there is a retail shop that can provide something they need.

Don't lie to your loan broker about income, it's unlikely that underwriting will miss much, and they will check everything.Look into asset based lenders.

I'm planning to go to some real estate meetups soon to have some one on one with people in the game and hopefully get a few phone numbers down.Not gonna lie though, I got kind of discouraged because there are not a lot of multifamily homes for sale in my area (based on loopnet, craigslist, etc..).

I'm sure you will find plenty of frauds and scammers on BP to teach you how to be successful at lying to sellers.