One option that I use is online auctions of foreclosed reo properties.

There is so much technology s available today for us to find deals and find buyers online..its really a matter of knowing how to build both of these lists.In wholesaling you sell AS IS.

Eric,thanks for joining this amazing online community here at Bigger Pockets.

Some lenders require that you have significant improvements made to be property and documented by a certified appraiser (in our state additional appraisal certifications required to do PMI appraisal) which has to be submitted for the lender review.

Time to utilize the online version of a HELP DESK and help yourself with the knowledge and information here on Bigger Pockets!

That is the crucial document.

I'm happy to join what seems to be such a positive online community and am looking forward to networking with others - especially those in Virginia.

The lender we use has extended a line of credit (at prime), and normally doesn't care if you have over 4 mortgages (current limit) and requires less documentation.

You have zero leverage to get the buyer to pay up unless you've specifically addressed that in your documents with your buyer.

One thing I found out so far is that BP is a great resource and I am online every day.