It takes skill and guts to 'catch a falling knife';  it takes courage to make a smart decision when everyone else is in a panic.  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $152,000

Cash invested: $54,392

Sale price: $309,950

The more we do the luckier we get! This was a longer flip ...

I kept a soft communication and during a coffee meeting I provided real quotes from contractors.

First, learn the process which could be explained in these simple steps:Step 1: Market to motivated sellers Step 2: Sign purchase contract with the seller Step 3: Find cash buyerStep 4: Sign contract with cash buyer for a higher price and collect 2k deposit Step5: Close Transaction via Assignment or Double Closing and Collect your checkSecond, learn has much as possible about the 5 skills needed to be a Pro at wholesaling.

I don’t want to waste much time in the smaller scale family homes/rentals if the skills don’t necessarily transfer & I’d have to essentially start over from scratch.

Avoiding pitfalls: Find a niche that you suites both your skill set and your mindset.With our strong diy renovation skills, we look for value add properties that have been decently maintained but need updating, and where we can still get a good deal.

This is where my wife’s skill set has really shown itself.  

As with 90% of things in real estate, it depends.In order to partner, you have to have skills and/or knowledge to bring to the table that complement the other person's.

Use those research skills to tackle the municipality web sites and consider paying for a list to help you narrow your search.

I realized that I need to get a skill in marketing.