Dave has good sound advise for the masses .lets face it  Most people blow their money and don’t save so they retire broke . his advise is sound when it comes to getting out of consumer debt and getting a budget going .

What I've done is put together not a saving budget, but a blow money envelope!  

On the small properties one or two issues blows the cap rate completely.

They have multiple "as is" offers within a couple daysHere is an example:Wholesaler pays $60,000 with 0% fees and resells to a flipper for $80,000, so net seller is $60,000MLS with Realtor sells for $80,000 directly to a flipper with 6% commission, so net seller is $75,200I get 10 plus yellow or variants of them each and ever week of my life.they all say the same thing.Hey i am joe blow I wan to buy your home I am a cash buyer.benefits of working with me.No  listing fee  you pay nothing   I can close on a date of your choosing .. but then the wholesaler goes for 60 and 90 day due diligence periods in many cases.No proof of funds like broker would bring.. just a promise of funds.there is no question though that some areas of real estate are under served in the brokerage community usually very low value assets so this is where many wholesalers find it works for them  and let me tell you there is extreme profiteering at the disservice of the seller.I just had one come to me were the wholesaler bought for 7k and resold for 28k.. how is that adding value to a empty house.. and how is that a good deal for the seller.. ???

As far as what to do....well, I'm a huge fan of leveraging so I certainly won't advocate paying anything down.

Sometimes it works for awhile then it blows up in your face.

Well, in one scene one of the guys is loosing it (over Marilyn Monroe) and threatening to blow their cover.

@Jay Hinrichs   To me it seems like @Curt Davis's logo should be changed from a red house getting blown over to giant red flags blowing in the wind.

I'm no advocate of "slums", nor is that my business model, but the reality is that there are people out there who's definition of "safe" and "nice" and "fancy" are way way below what we think of.

Mind blowing how entitled some are@Jonathan R McLaughlin Wealth is all in the mindset!