Doug I have met many mainly when I bought their home at auction because they let their kids borrow against it and blow the money.and of course in my 30 plus years of loaning HM I have seen a bunch of this activity over the years.18 months ago I had a wholesaler contact me ( which is rare because I generally wont talk to them)  but he got through to me and it was a property in Charleston SC were I build.. and the price was right .. but when I did a quick title search I saw that he had recorded a power of attorney for this lady that spelled out that he could sell the house and pay her 100k  and he was offering it to me for 196k.. so I called him on it.. and said hey there.. this lady obviously does not know what she has  the value is in the lot.. so no real up side as is unless you build a new home so for me to buy it at 196 was about market.. 

After the split to the general partner, this ends up in the 14.5% to the partners.Underwriting to shorter than 10 years in this cycle is criminal as far as I am concerned.

If you're looking for more deals or just have general questions about our area, please PM me.

I generally go to REIAs only when I know someone.  

@Wayne Brooks, I know they can’t give a detailed bid, I’ve walked them through the property and showed them the general idea of our plans, and asked them to come up with a 10% variable budget (i.e. 100k +/- 10%).

Texas in general is a tougher market now due to the popularity of wholesaling and the prices people are paying and charging for wholesale deals.

Any help on navigating this or something that at least points me in the general direction would be greatly appreciated.

Generally that works but it may be owned by an entity without a phone number.

I'm currently working under a general contractor by day, a job I took with the intention of getting into fix & flip, which will be my main strategy for the first while.

My advantages that I know of are my ability to get a mortgage (W-2 income, credit, and debt ratio are all good), having enough cash and house equity to get a 25% down non-occupied loan on a SFH or duplex (in my market), willingness to sell and move to house hack a 3-4 unit, understanding the fundamentals and math of small residential REI, love of learning "systems", and being a complete badass at life in general ;)My disadvantages that I know of are that I don't have experience yet in buying/managing rentals, and I haven't met enough other investors to learn about a lot of deals early in the pipeline.What would you do in my situation?