Buildup cash and start doing your own deals.Re-inventing the wheel will take you much longer to get going.Having someone to show you what is working and is not and preventing you from making the same mistakes is priceless.Yes winterizing you are wasting your time.On the REO's I list if the property is priced right I don't need a middleman wholesaler trying to put under contract cheap and collect a fee.The right price will bring me plenty of direct cash buyers that can close fast.Asset managers sometimes have over 100 files to deal with and don't have time for investors with no money to try exotic ways to make money.Sometimes those deals work but many times they do not and the asset managers plays the percentages.Now if you have cash to purchase sometimes you will catch the bank on the right day when all the planets line up and they will take a low offer and dump it which will make it easier to wholesale.Forget all these people who say things are easy and try to sell you something.Nothing is easy and takes smart work and time management.The question at the end of the day is do you enjoy doing it??

I wished I was smart enough to keep my money instead of paying taxes on it.

Not really, he is just another guy who is terribly smart operating on the gray areas of the law to save his own skin.

If you are smart you might be able to invent something spectacular, but most of us are not able to do that.

Make smart home buying decisions with information.Hope that helps, I'm always trying to learn more and get better so I look forward to hearing other responses.Thanks,Rory

Actually he was pretty smart, with a business degree and hired an older guy who was a good foreman.

He's smart but he's in a bad position.

Some lenders are getting smart and putting in arm's length disclosures so this strategy will work better for smaller lender than too big to fail ones.Are the renters able to purchase the house from you with a siugnificant down payment.

I think what this thread is teaching us is that even very smart (and successful) investors don't always have the same strategy for growing their assets and wealth.

Thanks Uwe, you can make it up on my other smart xss comments, lol!