I continue to be a rehabber at heart but still wholesale or wholetale occasionally.

I been studying for 3 months and cold calling for 1 month, I am a go getter at heart and decided to dive right in with no mentoring, cash buyers or Contracts at all, I kind of just wanted to test my skills of negotiating and rapport with sellers!

I as the lender had controlled draws and knew the ground teams this protected the investor from fraud and loss on the rehab side.. your one little investor trying to do one rehab.. you can get taken in a heart beat..

Nobody ever admits unforced to doing very bad things, and very bad things very often lie at the dark heart of many varieties of success.

My biggest advice for out of state investors is finding the right team members who has your best interest at heart (and not chasing a commission check or see you as a paycheck!).

start at 16yo building your net worth. get as much money as you can as quickly as you can. get a job ASAP. get a credit card ASAP. buy a house ASAP. buy a house every year, and rent your old house out. when you get 10 houses, you can retire.dont help people until you can help yourself. your responsibility is to the family you create and to yourself. anyone else you help is out of the kindness of your heart. people will use you. its your responsibility to not allow them to use you. stay away from people that reject your help, but seek to use you. giving people money is NOT help. give people help, not money. youll give them all your money and all your money will be gone and they will still be in the same position. dont help people that dont help themselves but understand some people are in genuine situations b/c and they are so down and out that they wont help themselves...and you might need to push or inspire them. depression is just sadness. live your life a certain way to avoid it.whew!

For some reason, I can't get the renters to switch over to electronic payments... and one of the rentals was in the heart of Silicon Valley.

Just telling it from the heart as it happened.I used to feel really bad about what happened to me but now I actually feel good telling my story so that others will be inspired by it and also learn from my experience.

You two sound like a great couple with a great heart.

In my personal opinion, I think you are being way too lenient when it comes to him paying rent..I would never take the downpayment as rent because 100% of the time, you will never recoup that money..then you're stuck with repairs out of your pocket when they decide to skip out of the lease..It seems like you're being professional when it comes to your renewal policies etc, but in this business, you gotta have a cold heart sometimes and put your foot down.