(There should really be a tag feature for forum posts)Tags: Oklahoma, Wholesaling, Wholesale, bird-dogging

You need to ensure that you have reserve funds so that if something does happen (and even repairs do happen), you will not go into foreclosure chasing good money after bad.If you are underwater on the property, have you considered a short sale?

I'm starting off bird dogging just to get the feet wet so if anyone can give me some advice out would be greatly appreciated.

I'm starting off bird dogging just to get the feet wet so if anyone can give me some advice out would be greatly appreciated.

So you have a ton of buyers chasing limited inventory.

Don't chase the market foolishly, or throw prudent disciplined analysis out the window.

Secondly, appears that we are birds of a feather relative to value add multiplex.

The hedge funds have wiped out the local flip market all the way down to bird dogging and there's not much room here (in Vegas) for even a small profit - unless you have an excellent product source.

But I've been busy chasing down deals, networking with other active investors, and building a $1MM+ RE portfolio.

A bank REO guy does this every day with people who have hundreds of millions to invest in SFRs.In RE investing, you are looking for the magic triad of circumstances:1) Motivated seller - NEEDS to sell ASAP2) Distressed property - will not sell on retail market until it's repaired3) High equity - this gives them the ability to negotiate on price down to where you MUST be if this is a business and not a charity ;-)If all three of those do not exist, the deal could be elusive and you could waste a huge amount of time chasing it.Oh, and the house MUST NOT BE LISTED.