mod=WSJ_RealEstate_LeftTopNewsAt the same time the housing market is very anemic:Pending home sales dive 11.6 percent in Aprilhttp://finance.yahoo.com/news/Instant-view-Pending-home-rb-2187391237.html?

All it takes is one or two serious buyers with deep pockets and your set.

A wholesalers job is to locate good deals, put them under contract at a deep discount, and assign their contract to investors.

While using the 70% formula is pretty popular and probably works pretty well, I agree with Aaron about the fact that you should have a good handle on all the costs associated with buying, holding, rehabbing and selling a property.Without a deep understanding of all the costs that go into rehabbing and renting property, you can't fully understand your customer's business, and without fully understanding your customer's business, you can't serve your customers nearly as well.And just like pretty much every other business, real estate wholesaling is about customer service...

If same 5 times happens next year, we'll set a record and be in a DEEP tank.

I have been lurking in the shadows and reading every post i can the last week, I must have read hundreds already...Even though I am qualified to take the RE Exam I am taking a dive into wholesaling.

how deep and wide are the footings?

Their financial hole is too deep and paying rent will be the last thing they pay.

It's not really reasonable to expect to command 2008 rent levels when market values take a dive.

I'm a complete newbie at this and decided to just dive head first into this intimidating market by purchasing my first investment property in Irvine, CA.I'm going to receive little cash flow but I'm mainly in this for the long haul for appreciation and to reinvest using money from the property.