In a dry closing the title company closes the deal with the seller then closes the deal between the wholesaler and the new buyer and the new buyer's money is basically passed through from them to you to the seller, so you don't have to bring funds to the table.

Don't take an option off the table by quitting your job, figure out ways to add more just my thoughts.

Getting a lender's best rate can be done a number of ways, but the big way is to decrease the LTV through a low purchase price and bringing some of your own money to the table (skin in the game).

Hi Michael, I will be a the check in table if you make it.

You may get a 50% split, but that depends on what else you bring to the table.

Should I just contact these active short sale listing agents and have the double end the deal for me or slip them cash under the table which is what I'm guessing they are likely doing with their pocket investors.

I'm just bringing the other side of things to the table. :-)

What he said, plus I would emphasize learn everything you can before looking for a mentor so you can ask for the least amount possible, and come to the table offering something.

I show House 2 to have a higher Cash-on-Cash return ($4.2k/$22k = 19%) than House 1 ($5.4k/$35k = 15%).I may be too late to the table to acquire House 2, but I wanted to at least run through the comparison process and get some feedback.

So, the listing broker had 6 weeks to get another solid offer on the table to get the bank to cancel the auction date or it was gone!