If the property goes without an offer for 30 days, the acceptable price is generally dropped to 90% of appraisal, and then if it goes without an offer for 60 days, the acceptable price is generally dropped to 85% of appraisal.If a prior short was approved but then the buyer failed to close for some reason (bought something else, loan commitment expired and would not be renewed, etc) then you can typically buy those properties at the same short sale approved-price.

Each letter of good funds is a commitment from the lender, and they can't give out more than they can legitimately lend.

Hi @Oziah Tamam,Wholesaling can be great for producing cash without needing much in the first place, but as Peter said, it takes a tremendous amount of work up front, with no guarantee for success.I think it really depends on what your goals are, and how committed you are to wholesaling.

I'm betting these guys try this on almost every deal, get the buyer emotionally committed/excited, so they cave into an extra $1500 at the last minute.

If you are not, you may be committing fraud.  

As to term, of course a lender isn't going to commit to a 30 yr term on a commercial property with so many variables that bear on income over the next 30 years, including the likelihood that you have no lease with a 30 yr term.

Nisrin,I think most coaches that are active in MF investing want someone passionate about learning, that have some sound business background and / or real estate investing experience,  have a good assessment of their skills and what they could bring to the table and willing to commit to a program.

Are commitments best efforts, mandatory, AOT, etc?

He said that AHC, Alexander Hamilton Company, a Family Office was going to be backing all the deals with an initial $5 Millions committed and they just wanted to have a small group of investors – active or passive.

You have to commit to learning about the market just like you would in Chicago.