The Numbers:Asking price: 49k However he basically told me to throw any offer out.Current rent: 1003 total monthly rent (both son and agent feel this is about 300 below market rate)Flood Ins: 1400 per year.

The early meeting is usually some more of the basics.

I'v talked to a few off MLS sellers gathering some basic information for a buyer.

Person: The deals can be great, but if the wholesaler lacks the basic characteristics needed to ethically and competently conduct business, its probably a waste of your time.

Thanks in advanceYou basically want the bank to take all the risk?

I know there are differing opinions on this but I would like some of the pros and cons of both, and maybe something other then the basic one strategy is more risky then the other.  

In the time it took me to drink my coffee, he had learned the basics of wholesaling and how to use 1031 to his advantage.

Basically, lenders adjust rates for things they believe to be risk factors.

So basically there was no market left here in Charlotte, NC.

You're basically taking a full time job working for somebody else.