Mike Watkins  amateur hour.. you guys are really laughable.. just pay for the friggin house.. this is ridiculous..

Insurance carriers offer this because the likelihood statistically of a single liability claim is minimal and the likelihood of a claim at multiple locations is ridiculously tiny.

She just closed a deal for me that was nothing short of a ridiculous pain in the a$$ that went on and on with "other" title companies(that have no clue what a trust is) and not my choosing....

1) Don't buy 2nd's unless you know what you're doing (which you probably don't).2) Don't forget to check for all the other liens that might stay with the property, but do make distinctions between liens that stay with the property and liens that don't.3) Don't by sight unseen unless you're trying to place a ridiculous amount of capital and you can make it up on volume.4) Don't buy without determining occupancy status and the "temperature" of the occupants.5) If the guys that show up every day are bidding on something, you probably can't make it work on your margins.6) Don't get emotional.7) Seriously, don't get emotional.

However, I don't have to get a ridiculously good deal to make money because I don't have to worry about having enough of a cushion to be able to mark it up and re-sell it.

I think this is ridiculous, especially since I had no contact with them.

That sounds ridiculous!

It's a bit ridiculous.

Though in my opinion, that would be a ridiculous thing for you to do.As for your first question, it sounds like you're saying that these wholesalers are asking for you to pay $5000 upfront just to start bringing you properties.Don't do it!!!

If the owner wants 50k down, i would make him a ridiculous offer as a starting position.I would look closely at the tenants by driving by at night and talking to one or two tenants as a prospective tenant.Personally, the downpayment is too high.