I am a plumber so I know what to look for, old oil tank vent pipe and fill pipe, copper oil lines going out of house etc. my point is to be sure you don’t get stuck with a $50,000 - $100,000 clean up job, and that is not uncommon here when the oil gets in the water table.

The other item on the table is to restrict Seller financing only to the original owner and reduce concessions from 6% to 3%.Mortgage Bankers Assoc. meeting indicated that since the Tax Credit incentives began in 2008 more than 28% of those first time buyer mortgages are now in default.

Over on this side of the mountains, there are some screaming deals on entire developed subdivisions.I suspect that they are buy, hold, and wait deals.

Exactly what the first 3 replies sayI'm a newbie too,so take what I say with a grain of salt but almost every successful investor I've met... says "Show me your Business Plan" If you bring that to the table,it shows that you are doing more than just thinking about investing and it gives them an idea of where you are at in your thinking...

The rest give up when things don’t go exactly as planned.If you have some drive, just consider your skills and interests and what you bring to the table to decide what area you might want to pursue.

I think what I am going to do is,keep networking in my area with other investers(Like minded people) and take the chance of bringing buyers to the table on a handshake deal!

Before the contract is even signed, all of this should be on the table so the owner has a clear understanding of what's happening. 2.

SOld for an artificial price, well I'd like to see them prove that one with me.Bottom line, lenders are greedy, they see money left on the table and they didn't get it!

Grow, take some profit off the table, and reinvest.

As the wholesaler, your job is to find a great property and leave a lot of profit on the table so that you can move onto your next deal and they can rehab and retail.