With a supportive wife, capital from my investments and some private lending, I'm getting into the flipping/rental game full-time.

That's a game for people with deep-deep pockets who can afford to completely miss once in a while.

From what I could gather the original poster was based in Edmonton, Canada & it's a whole different ball game there.

The buying at a discount game is not about finding houses so much as its about finding situations you can fix with a win/win solution.The more you can tailor your offer to their needs, the more successful you'll be.

If I can't make it to the December meeting, I'm always game for coffee or a drink.

Hey Fellow BPers,After several years of researching I'm finally ready to jump into the real estate investment game.

We just were tired of having so much money go out every month in interest and knew that we need to make a game plan to change how we handled our money.

I would have to say talk with a CPA on this for your specific circumstances.If you are purchasing all cash with no financing, IMO your biggest objective is to cover your butt since your the one with all the skin in the game therefore have everything to lose.

Just like almost everything it is a numbers game!

I agree with the prior threads and your conclusion to pass on this file.Just like there are professional deadbeat tenants, there exists, sadly, people who excel at borrowing with little or no intention of repaying a debt or settling up.While I might be willing to play brinkmanship games with an amateur, I've got a basic rule of investing that says 'don't play the other man's game.'