We live in orange county the commute isn't bad at all.

Hi I wasn't sure where to post it, but decided to post it here since wholesaling is my strategy.I had a call from a lady who doesn't want to sell her house, but badly needs the money (bad credit, BK, bank almost foreclosed on her).

When I did my Lease Option spree a couple years ago (did 3), all 3 defaulted with 1 trashing the house badly.

Look at a neighborhood, and you're going to find dozens, if not hundreds of lenders (good and bad).

Owner finance a note to a person with bad credit while having the property on contract, then sell the note at a discount of FMV, completing your purchase and sale subsequently... with all the transactions going on in one day at the closing company.

I've seen them often make excellent leaders despite their bad people skills.

If the income and expense statement looks bad, then either don't include it in the listing or else explain why it looks so bad and how it can be improved on.5.

I guess some people have way too much free time :groovy:PS I counted it as a responce from the seller - bad results are results too, right ?

I would invest in townhomes and single family homes only (for residential).Condos are tougher to rent out, the condo dues eat into the cash flow and and if you have a bad association it can make life miserable.However, if you do buy a condo make sure it is a 3 bedroom......never buy a 1 or 2 bedroom.

If you plan to live in them, then property #2 doesn't sound too bad, except for the fact you state you don't have much money.