This slows down the process and will save only about $200, but waste a lot of valuable time.

Since the market is slow right now sellers want to see that you have the ability to purchase the property and not waste their time.

But first build a solid foundation by educating yourself in every way that works for you.Personally, I learn best by 'doing'.

There are ways to get all of the information for free however it is time consuming and most investors don't want to waste their time trying to do that.

The contract clearly states that they have the right to do this, so a lawsuit would be a waste of time. 8)

I see that you are just starting off so my advice to you is "Just go out and buy a property" and it is like clock work from there.This is how I started.I did everything that you did and it was a complete "waste of time'.So instead of "looking for customers" I "Became one" this is the best start if you want a deal you have to go out and find the worst looking house that you can find location does not matter either.You may have some rehab cost but consider this "The cost of doing business" after you have completed the work post an add in your local paper that just simply says "Newly renovated house will work with any buyer" and just sit back and watch the vultures come.Where you went wrong is that you did not think aout "who" your customer is it is called your "Target Market" and starting off it is other "Investors" .The "WE BUY HOUSES" market is "flooded" and you dont have the resources to compete first time out.So follow this and you should be good.GET THAT MONEY MAN!

Let me start by saying if you have solid credit, get a business filed, and get credit started in the business right away.

I know this is an ad click revenue site & you need thousands of users,but it is tedious to wade through the posts to get to the good ones..The signal to noise ratio is terrible.I just get so tired of seeing TV,hearing radio,books on this stuff.If it's isn't get rich quick at poker,it's flipping houses.The rich dad guy appears to be the biggest scam of all.From what i've heard,he appears to live in a universe where there are no bad deals,bad tenants or housing bubbles.Ask your RE agent how many deals have been backed out of & time wasted trying to do business with 1 of these seminar gurus.

I think the roof is pretty solid.

A 4 month vacancy, an eviction, a lawsuit, or a large repair like air conditioning or roofing can eat into your cash flow and make you business a total waste of time in terms of making money, which is why we go into business.