However, another offer was selected.

Local markets also effect decisions as something almost considered a given in one part of the country might make no sense in another.

My question is how would I proceed to effectively aquire and rennovate the property without getting scammed?

Hi Max,Since you are so young, your premiums will be low regardless of the length of term you select.

A 1031 exchange is the most effective way to transfer cash from real-estate to direct oil and gas ownership through working interest partnerships without paying taxes or fees.

As far as how long a letter is effective when presenting an offer to a seller... that just depends on the seller but I'd say past 90 days is getting pretty stale and the fresher the better.Lenders tell me that credit past 750 or so is moot... once it's at least that high they don't pay much attention to it anymore. 

It is more cost effective than a property management company, she does exactly what I ask her to do, and I still have my finger on the pulse of my properties.

This tool is so effective that it's patent pending, unlike other tools that given away in the marketI hope this is enough information for you.

This just takes your time and a bit of marketing (which does in fact cost money if done effectively).If you aren't certain about diving into wholesaling you can always just network your butt off everywhere you go and build some relationships with investors that would throw you a finders fee for bird-dogging some properties out for them as well.

I'm a newer wholesaler in Memphis, TN and have a little capital to play with, so I'm trying to be as effective and as efficient as possible.