They know nothing about running a business or generating leads and growing their brand.When they worked a job before they had no clue about all the behind the scenes stuff that goes on to watch the customer give them the business.

I'll just throw out that you can go to the Flip2Freedom site and listen to the podcast on "generating $5K in the next 30 days", as it walks through step-by-step on pulling a list and executing an initial campaign.

For the banks more than individuals.

The challenge is building the local power team, funding and generating massive deal flows.

I'm considering using this strategy on my next house as well to generate some quick cash for more investment capital.

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

I am especially interested about learning to wholesale properties but eventually want to have some investments generating some passive income.

But not charging any fee doesn't open the door to act as an originator, broker or lender, especially for others.Again, there are instances where such a note may be required to be sold by an individual holder.

We are going to join our local REIA in our area for further education and to network with other like minded individuals and investors as soon as the next meeting comes around.

So glad to have found this amazing group of individuals who are willing to share such valuable insights.