He was tied to the properties!

better than having all that cash tied up i'd think.

I would have no savings as all my money would be buying down interest and tied up in equity in my home. 3.

People around here understand exactly what an option is - they just all seem to think that the second they tie their property up by selling you an option, someone else will walk in and offer them exactly what they wanted, and then they won't be able to sell.So, if wholesaling is a bust, how do you get started?

(See us Property Managers manage more than just houses and apartments - we do tie down's and Tee Hangers too).

Spain is a "spanish state" and their economy is much stronger than ours these days...using that reasoning, perhaps being a "spanish state" would be a good thing...Or do you mean a state with increased rate of illegal immigration?

If people are doing 1-2 deals a year and you have the means to sit while your money is tied up in this 1 project then yeah dont do it, but if your a person who does multiple houses at a time those expenses/holding costs can add up like crazy.Its not about the workers, coming up with cash, or "finding" the deal.

Property 1:45k duplex purchase price + 3k fix-up48k totalARV: 75kGross rents: $1,180Property 2:62k duplexFMV: 82kGross rents: $1,200Although on paper I can show seasoned possession of about 26k (inlcuding 8k tied up in an IRA), I would not be able to afford 20% DP ($21.4k plus 2 closings plus reserves) on both if I go conventional investor financing.

In some cases they could even work as an investment...but there are definitely stronger cash flow plays elsewhere in the valley...so an investor in high rises would have to have an ulterior motive as well (ie: holding for appreciation, second home, vacation split, etc.)I wonder how much lower they will go?

I have heard of Realtors asking for $500.00 - $1000 earnest money and righfully so....to many flakes in this world to tie up thousands of dollars for $10.00 earnest money.