thats a great ideaI know a handful of rehabbers that look for sub2's while they are fixing it up b/c it's cheaper then HML

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I know the owner's hands are tied as far as making a deal, but I am a ruthless :mrgreen: investor who doesn't have to follow the standard way of doing things right?

So, whether you are paying cash or not, I would still do the cash flow analysis as if you borrowed 100% of the purchase price (and initial rehab).On the other hand, if you decide that your money is truly worthless, I'll be happy to borrow as much as you have at 1% interest.

I always recommend to people just starting out to go out and find deals for other investors - it allows you to get the experience and learn hands on without taking all the risk.

They love having you near by when they want something like someone to hand the rent to.

I'm a teacher so I've got one, but I've always considered it "hands off."

I have come to the conclusion I have no use for a Buyer's agent, I just dont need the hand holding, or the negativity.I will simply contact the Listing Agent for a showing, after having checked out the House and neighborhood on my own.I am guessing the Listing Agent will attempt to say this is against their "Code of Ethics" or some other crappy story.So, if anybody has experience with this concept , please post, and let me be wiser from your experience , and hep me smooth out my presentation to the Listing Agent .thank you for any and all comments.

Not a gentleman, but..I think that knowing your market like the back of your hand is the key to becoming a successful wholesaler.

However, there are a handful of states where you are required to have an attorney handle to closing.The only real difference is price and what the state law requires.