Most all lenders will require some "skin in the game" or a downpayment.Down Payment: I've seen as low as 10%, 20% is more common, and 30% is a safe number to prepare for.

Some things I have done to prepare:- Set up google voice number- Start building a webpage- Contact Jerry and read through the supporting documents he provided (call scripts, lead trackers etc..)- Listened to 102 total BP podcasts (slowly working my way through them all)- Read UBG to wholesaling and several other forum threads / blog posts (Jerry / Michael Quarles are favorite two resources so far)Things I still need to do:- Send out first batch of letters- Finish website- As deals come in, find ways to automate / streamline lead sourcing and tracking- Improve ability to estimate rehab costs (my two rental properties were bought out of REO and cash flow nicely but needed <$5k of rehab each, so have not experience a  major reno yet)- Practice call script, objection handling etc.. to be better prepared for speaking with potential sellersI would greatly appreciate any insights from the seasoned vets out there.

I've been reading, listening, learning, and preparing for my first purchase in B'more.

Additionally, keep in mind, that the bulk of a quality paint job is in the preparation, not the act of painting (e.g., scraping, peeling, caulking, minors repairs, TSP wash, etc.), so be sure you're comparing apples-to-apples.

Practice a little and be prepared for the avoidance answers and ways of overcoming them.

I would start with "this isn't working out, I'm parting ways", but be prepared to go to "good luck, sue me, see ya'".

@Branden SmithCongratulations on getting your startMy new students basically send out marketing saying thatI can help you with many different situations,  whether it's a house it needs work, whether it has some kind of issue as in needing repairs,  not selling or divorce or probateI highly advise you in California to have an attorney that acts for you, and this attorney will be able to prepare contracts for your dealsCalifornia is a litigious state and I highly recommend you be licensedBest of luck!

To those of you who have become real estate agents, from which source/place did you get practice exams? I'm half way done with my course work and want to start getting ready for the licensing exam. Also feel free to g...

Hi all, I have been filling my head with real estate investing info lately to get prepared to buy my first property.

Owner: $196k is the lowest we are prepared to go now.....just put on market and getting slot of interest.Me: Oh ok, ...... you recently went to a realtor am I correct.?