If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -Power prospecting - where are you going to get your leadsNegotiating - do you know how to control propertiesHybrid offers and joint ventures with sellersUnderstanding contracts is important - will you use a long form or a skinny contractAssignment clauses - will your agreement have all the property and self-serving clauses in it.Built-in extensionsFind the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closingAre you ready with the what if (s)the assignee backs out and wants his money backthe seller won't come to settlementthe seller wants out or wants more money - he is angry because you made too much moneythe title company will not cooperate because you don't have legal titleauction - will you flip your transaction using the auction methodan agent wants a feethe seller accuses you of operating as an agent without a license you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation there is a fire before settlementyour forms; contracts - assignment - disclosures - required by law are not in order - can you defend your positionif you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what nowSorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!

After foreclosures dried up, I have had to shift my business focus and marketing techniques until the next wave of foreclosures happens.

That’s not a long term wealth building technique on its own and its work to look into those companies but it provides a lucrative alternative cash flow that allows him to buy more properties or businesses.  

Originally posted by @Stephen Spradley:@Mike McCarthy @JD MartinI ended up going with the skim coat method and am doing only one of the walls right now until I get a good technique down, then I’ll do the rest of the room.

The last thing he says as they bring him out the door is, “I am fading…”Family first, I head to my wife and together we practice some of the breathing techniques we’ve been readying for the impending birth.

These techniques will work for most companies. 

You will see many opinions on wholesaling in Bigger Pockets, but most of them are based on investors doing deceptive marketing techniques.

the disruption Is in sales and marketing techniques .. not in replacing agents with robots.

I also advise using the open house technique to rent it out rather than individual showings.

Haven't done it myself, but I imagine one would need to identify a few properties before initiating the 1031 process, if possible.Well, on this end, am massaging a number of techniques - many mentioned here on BP and other sources.