How does that investor make it a safe bet for you?

Bet down on a bad day folllowed by a good up day, followed by a...Real estate- if its a 1999 price I can live with it!

Your best bet is to find your own properties before they become common knowledge or listed for sale.

I can get around the same for this house.So, here is my calculation - Gross rent ~ $4800Mtgt amt ~ with 5% down, $248,500 Cash out of pocket $12.5 down + $10K closing + $30K(repairs) = $42.5taxes - $1300 per yearins - $1200monthly pmt - $1489 + $220(taxes +ins) = $1709.Expenses 45% - $2000 per month.Net income - $1091 or $363 per unit.

I'm looking to start my investing career and I think with the current market that sandwich leases are my best bet to get started.

You can bet next time, even though his was extremely cheap, I won't have to call him just to come out to clean out the heat exchanger, put on a new nozzle, clean off the cat's eye and change the oil filter.

I bet a bank run would force his hand back to the Bankers?????

Considering the fact that you're a wholesale expert, I'm betting you'll be a millionare in a few years.

New windows, a fresh kitchen, and one nice bathroom are usually good bets.

Andrew, while birdogging or driving the neighborhood is recommended by many investors and wholesalers, it's generally a waste of time and a lot of heartache..Your best bet would be direct mailand a website to find the distressed sellers..also Eric, that's interesting the statement you made regarding that you should never put a prop under contract you couldn't close on.