All of the homes from what I can tell which are foreclosed on in this area require 10-15K of rehab to make them retail quality.

If you pay a quality lawyer for your paperwork and are a diligent professional in setting up procedures and systems for doing business, then you can mitigate a lot of this risk yourself.General liability insurance: This helps cover the LLC if someone slips and cracks their head open on the sidewalk, gets hurt at work, etc.

With these methods, you are actually buying the properties, although you could wholesale them too if the deal is good enough.

I'm 22 years of age and just starting off the RE investment world; I believe going down the wholesaling path is the best route for me starting off, as I need to build up some cash flow.My question is, which is the better method to go and which is more accepted by lenders?

I'd rather burn my houses down than to rent to any of the Section 8 applicants who have applied to rent from me.But maybe your Section 8 tenants are a better quality than the welfare cheats and dopers that we have around here.

I heard this method can be quite extensive.If I understand you correctly, once I find a good value I should reduce that number in half and then subtract repair costs.

Which method were you using?

Not too far off from Phelps (and a lot of them are much smaller).However, I was amazed at the quality of the food he was quoted as eating.

Using a computer isn't always the most efficient method.

This is how you’re able to prove to the asset managers that you are really working to put quality work out there.