I personally don't tell the seller I'm a wholesaler, but some people do.If the property is vacant, which probably over half of the time it is, then I just try to get keys.

DOES ANYONE HAVE ANY SUGGESTIONS FOR THE BUYER CONTRACT AND THE SELLER CONTRACT (as in, what would some strong key points be for the two).

The key to being a successful bird dog is:1.Finding great deals and2.Find the right investor that can do those dealsWithout both you're not going to succeed.

Also, pick up Master Key To Riches by Napolean Hill, this is by far my most favorite book.

If you can't sell it now, then it is an indication of "true value".

The key is to have real cash buyers in place, ready to pull the trigger.

The key is to make them look great for litte money.

This is they key to the actual true cash flow Mike is pointing out, and a 6 cap, will most likely not get you there.

Our model sells cash flow turn-key homes to investors with a little to no money down program.

I can't wait to sign the papers, get the keys in my hand and go over and wash/paint the walls, do the minor repairs like add a railing to the basement, etc., If anyone else going through the process of buying a foreclosed home, hang in there.