If they don't receive the docs in time, the property goes back on the market and the listing hasn't been removed either.

Do you know what you're doing, have knowledge of RE or are you following a step by step program?

Maybe you should consider doing a little research or paying someone knowledgeable to assist you.

Sorry for the late reply but thanks to all for the knowledge.

A cash offer, as mentioned, just means there will not be a financing contingency, but you can always borrow if you can close it in time, the seller really has nothing to say where your cash comes from and any loan funded is cash to the seller.

Ultimately, I want the primary source of my income to come from investments in real estate and private businesses.Although I’m pretty much a silent reader for now, I will join the conversation as I feel like I have more to contribute.Thanks to the active members for sharing their knowledge, and good luck to everyone on their endeavors!

The knowledge and credibility you gain will be very helpful in obtaining investor clients.

I find this to be the best source for down to earth knowledge that is so hard to find sometimes.My plans for next 1-3 years is to get my first REI property and get my feet wet in the real estate.My future plan 5-15 years is to build a portfolio to retire on. :)I really enjoy BP and super excited to learn from all of you folks on here.

There are very skilled wholesalers who market their mentoring abilities nationally and I also don't know how important current knowledge of the mentee's market is.What might I be overlooking, and how important is local market knowledge or having the mentor have a financial state in each deal in order to sustain their attention and availability?

I have used this knowledge to negotiate thousands off liens.