I think it's essential to being part of a community and really doing proper networking.

As a new wholesaler learning how to ballpark estimate repairs is essential to knowing if its a good deal or not.

One is that your net worth is liquid or can be obtained in some manner.I read posts on other sites from realtors that essentially consider any real estate investment a speculative investment.

Or do you do more what I plan to, take the cash month to month and those ugly years, take the hit... just ensure you have access to a proper amount of equity or credit to be able to pay for it when it does happen...The first is a bit more conservative, essentially your less leveraged as you're holding cash reserves... the second is more aggressive as you're likely taking the extra cash and further investing it.What are you guys doing, especially you with only a few properties that would be more impacted by the need for a new $5,000 roof.

A busy street with good visibility likewise is essential for the success of these businesses.

Essentially they are affirming the condition of the space and I always have 2 copies that both get filled out the same so that I can leave one with them.

Obviously finding the right title agent/company is essential to the whole process.Originally posted by Will Barnard:That said, there are some locals which this is not possible like Illinois as Bryan pointed out and many counties in CA as fundings and recordings can not happen on the same day.

He remits monthly payments for the use of your money for the term agreed upon.He essentially buys, renovates, and then flips.Upon the sale of the property the investor has their money returned.I was intending to invest 35K with him and be registered as the second mortgage on the property.The property tax assessment was 85K.

If you want to wholesale an REO, your options are essentially to buy in an LLC and sell the LLC or buy with multiple names on the contract and quit-claim your interest to the other party.

You're essentially a buyer's agent feeding good deals to your investors as soon as they appear.