As far as I am concerned the $10 hair cut guy is $90 up on me.

Do I have to be concerned whether the agreement is state applicable?

Their concern is, if we take a property back, we have to sell it low enough to compete with everybody else's REO.I feel like we are in an environment where banks are actually self-destructing by driving property values down (dumping their stock).They get into a vicious cycle of lowering property values because they are forced to keep lowering REO prices to move them.

This concern has kept me from being an aggressive investor for many years.Do you or anyone else here think it would be worhwhile to take a home inspector course to be a better real estate investor?

It comes out of his proceeds.Really, you don't need to concern yourself with the sales commission if you are the buyer, other than the fact that buying through a realtor means you can't do a "no money down" deal.

To directly address your concern, I use my cellphone as my business phone, so I can be anywhere and still get that "exploded water heater" call that you're worried about.I think Mike is so passionate about painting a horror story in his "education" product he sells on his website, because he wants to rid his competition.I don't paint a "horror story" about anything.

I know there are a few different methods for wholesaling REO's and would like those who have done this before to comment on the process in more depth.I appreciate it.Dustin

Only disadvantage is that my piece of paper is lessened in value but that no longer matters to me, as far as I am concerned now the only person who’ll ever size up my degree to see if I’m “qualified” is myself ;)

How would i go about in closing a deal without having to pay any of my own money or buying the house.i been reading about double closing but it seems like it might be impossible to do. whats another method that can be used?

If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.