The Federal Trade Commission said David Del Dotto of Modesto and his wife, Yolanda, have settled charges that they deceptively represented features of their "Cash Flow System," a get-rich-quick real estate scheme sold to thousands of consumers on televised infomercials.

So while the income statement and balance sheet look healthy, the story would be completely different if those properties were marked to market rather than booked at historic cost.One of my favorite shows is Flipping Out.

Even if you only do one at a time, you can still be consumed on occasion and enough to damage your current livelihood.As a lender, Ann suggested you consider loaning your money to rehabbers instead of doing the work yourself.

I stopped because it was sooo time consuming.

I'm in the Philly market (pretty healthy on the retail end)I would love to hear from any agents who wholesale/flip/invest.

My plan is to find homes in the Retail price range of $80,000-$120,000.My day job is spent as a Nurse Anesthetist which leaves me with a healthy monthly cash inflow.

There is a healthy tech sector, we have manufacturing for Bell Helicopter, GM and military contractors.

Would you ever consider wholesaling to a consumer rather then an investor if you could not find an investor in the deal?

The repercussions of that decision not only equal getting blackballed fromm HMLs, it will be a real forclosure on your credit report which will get you blackballed from consumer credit and mortgages and possible have negative affects on your business depending on how it is structured.So in reality, you will end up paying points and fees and penalties out the arse to the HML over time until the house finally sells because it will always be better to pay an extra 2000 dollars to avoid a foreclosure if you can afford it.

The FDIC and Bankrate websites are a very good source to search for healthy banks that are ready and willing to make loans to quality applicants.For actually approaching the bank, the following blog post from Bryan was awesome.http://www.biggerpockets.com/blogs/1361/blog_posts/9797-so-how-do-you-get-that-small-bank-on-your-side-So…I was able to quickly find a small (one branch) bank that was happy to do the loan.