I just don't want to get involed with these bad buisness people.

I have made many of the mistakes that I read others made: took in bad tenants, allowed them to stay longer than I should when the rent was late, let them take on some "minor rehab" projects in the house, etc.

I can tell anyone who cares to listen firsthand that when someone wants to rip you off, and you didn't do better due dilligence up front, and didn't take steps to protect yourself your best bet is to get over it and move on.The worst part about that whole deal is to stay wallowing in all that bad energy.

I guess i could say my eyes were openeed to a new world after i read rich dad poor dad and then couldnt stop thinking about what i was doing wrong and trying to get back on track to doing to recover from my early bad habits. well im 21 thinking about startin off in whole saling i already read all of ryans whole saling posts. the only thing i believe im missing is the contract part, may seem like an obvious question but my attorney would be drawing this contract up with a few contingencies while whole saling?

It was pretty bad and the house had some water spots due to the leaky roof.Rehab planned for a month but might be done in 3 weeks.We will try to do FSBO for a week then list with a realtor.The house was purchased for 76K, Repairs 15-20K and ARV of $130K.This has been a busy process but very informative.

This place was in very bad shape and needed work done to make it habitable..

Wholesaling doesn't sound like a bad idea, I am going to have to talk that over with my friend and see whats possible.

Sititng on $200k is not a bad thing.

A lot of people have joined, and even though this company have 3 complaints over a year's period that isn't a bad thing, most banks get more complaints than that on a daily basis.

It wouldn't be too bad if it stayed south say around Colorado Springs. :-)John