OtisRead everything you can.Go to REIA meetings speak to other wholesalers find also the cash buyers find out what they are looking for, where and how much they want to get it for.My buddy does wholesaling he tells me sometimes he only makes 1,000 because it involves 2 quick phone calls.Good luckPaul

Does anyone know if there are extra costs involved with burned homes over regular rehabs?

I determined that I could do better in new const than flipping and hire that out, so little time involvement.

Will they be actively involved in the business and the real estate transactions?

I know you will find lots of other investors here from California as well as all over the US and internationally.You don't have to mention how much is in your "small sum" of cash but wondering what your ultimate goal with real estate investing is and what aspect you're looking to get involved with?

That next discussion was essentially the sales pitch for the coaching program that they are offering.

100 % of my deals have been all cash transactions.I would definitely it has to do with what market your in, also the area you are farming makes the world of a difference and last but not least what aspect of real estate are you involved in will definitely have percentages off from cash transactions to financed transactions.Me personally I'm a wholesaler, so the properties that I do come across are usually owned 90% of the time with no existing mortgage.

However, that means you need to understand the concepts involved (how to estimate rehab costs, how to determine ARV, etc).

So, if you have even one non-accredited investor involved, no advertising.

Your credit rating doesn't come into play at all in this scenario and you don't need a secondary loan from the bank.With any business dealing, especially one with family, you should consider and discuss with the parties involved what happens if things don't work out as well as projected.