This concept works best with inflation.If prices fall or stay flat than going slower, saving money and prepaying loans makes sense.

I took the time to run some of your basic information through an appraisal spreadsheet and I came up with a estimated value of $115,000.

I understand the concept of OPM and utilizing hard money lenders to fund an investment purchase, I guess it all comes down to networking and getting to know the right people to actually make it happen, as is how it works in any field/industry.

And also for reinforcing a basic rule of REI.

I have the basic steps to wholesaling.

There was a lady by the name of Barbara Klaput who moved from MD who was basically a SB761 expert and she ran workshops on this.

With the advice I received I decided to penny pitch, go on a diet (saves on food) and basically buckle down on my spending so that I would be able to purchase all cash at the end of 2012 or beginning of 2013.

I think the general conception of the market is a bit mislead.

Basically, the owner wants out and his bottom price is $45k.

Craigslist is basically useless here for real estate, as agents bombard it with links to their listings, even on the FSBO pages.