If you have a glass with a hole in the bottom, the water being the economy, until you figure out how to plug the hole you have to find a way to keep pouring water into the glass.

Hope these aren't too much in the way of newbie questions... but I'm just trying to figure out how all this stuff works.

I'm surprised you're even able to get a loan, with that many units being in foreclosure.If you can get the data, figure out what the current owners paid vs. what they are realistically worth now.

I figure after a deal or two, I'd be able to put that money toward more marketing campaigns.Now I have been checking websites everyday, of REO's, craigslist, foreclosures, and gotten a few leads.

I was hoping you would chime in Mike :)I think the backwards looking thing is what I was looking for, I've always figured that that would be the best way.I've heard several gurus, like you said, say to write it everywhere, but my company says to break it down and determine the steps you need to take every day to achieve that goal.For you Mike, did you meet your goals?

I'm trying to figure out what my offer price should be.

Hello Jaclyn,I agree with Richard join the Las Vegas Investors Group and start out networking and finding your nitch.As far as your question with wholesaling I would start out building a buyers list and figure out what will be your acquisition strategy (Shortsale, Preforeclosure, Subject too, REO's) Being able to put the property under contract and pass it off to another buyer as fast as possible is the key.

He and the rest of the guys in Washington (Dems and Repubs) are all spinning their wheels, unable to figure this or anything else out.They don't know any better what is going to happen then you or I do, James.

.- Scope of Work: This lays out specifically what work is to be done, in as much detail as possible- Materials List: This lists the materials that should be used for all aspects of the job, including where they should be purchased, SKU numbers, and anticipated pricing (if the prices are off, call me to figure out what to do)- Payment Schedule: This lays out when the contractor will get paid, generally using 2-5 draws (depends on scope of project and schedule)

However, the motivated people will succeed no matter what, so you might as well be a part of their growth.So the question is, what kind of learning curve should I plan for them to ensure that we're both going to benefit and they dont feel like they're wasting their time, while giving them the room to grow and figure things out on their own?