Went to a an open house today property sold to an all cash buyer over list price within 10 minutes of the open house.

Today  i began to call some for sale by owner housesIt went not so hot, but i know its a numbers game, lots didnt answer, some straight up said no to owner financing, and some said they recently listed with a realtor, BUTWhenever i ask about there mortgage info they told me it was "none of my business" (hard to create rapport after that doozy) The reason i need to know there ballance info is because i will then ask if they would consider owner financing the house/ Lease to own. 

I spoke to my lender today to make sure all would be ok and legit.

Ask him/her what the arv would be if you were to sell it today in move in condition (it shouldn't be too far off in 4-5 months).  

I have two others claiming they will submit an app today, so I will see.

You are hearing these words today, if the Price is Right!

My view is that in order to really make this work, there is a minimum fixed cost of involvement (in terms of time and education) but it scales well, so it's efficient to do this in scale.However, in doing that analysis, it's hard to project what profitable deals will look like if interest rates are materially higher than they are today.

It seldom is linear where if you buy it today, next year it goes up 2% and the the next year another 2% and so on.

Follow up- under contract today through a wholesaler,  client added my commission without a hiccup...another wholesaler who can't even write a contract on his own making 5x more than me...grumble grumble

Flip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!