Should he desire a loan, the owner probably has the ability to quickly borrow from his favorite lender.

I live in Georgia I am not sure this issue is covered in the hand book I figured I would float it hereI had a unit for rent in the first week of july say july 2, man came and said he wanted it immediately he had a good job drove a nice car was well put together. he had income verification statements He made a partial deposit of 300 no paper work just a receipt he was supposed to move in on the 15th of july on the 15th he came with another 200 which was the rest of the deposit but he said he didnt want to move in until augustthis didnt make me happy and as he stated there was nothing in writing forcing him to a july 15th move in datenow he states he doesent want to move in at all and wants his deposit back.I basically held this apartment for 30 days and now he does not want it,there was no written agreement but the rental application does stateThe following deposits are required: - security deposit of the first month's rent of 550.00 payable upon move inThe deposit will be returned to the Applicant if the Premises are not rented to the Applicant.

With a little bit of luck hopefully they pick you first, or sometimes the competition doesnt answer their phone fast enough and you can set the appointment.Then even if you book the appointment, since this is super competitive, you are probably going to go against at least 5 other investors.

Welcome Elizabeth, I am new to the REI world, having only purchased one home and read a few books--including the Bigger Pockets Ultimate Guide for Beginners, I am heavily considering the same strategy that you are, wholesaling to build money for other investment properties.

Raymond B. and Ann Bellamy are right on the words of caution ... and I would agree with Ann, J Scott's books are amazing and packed with solid, useable info.At the same time, if a speaker/guru can help give you a road map to follow and save you some time and trouble, I say go for it if the price is reasonable.

Freeing me up to see the big picture.Opening the door to new ideas via a ton of books from Amazon.

J Scott been reading your book at night with the last of my energy after a long day of rehabbing!

I think by allowing them to actually invest you are teaching a lesson that can't be taught by all the book learning in the world.

I believe IREM sells a book that breaks down typical expenses for multi units based on size and geographic area.

Plano is 1 of my favorite areas to work in!