You're right about that; however, it puts me at a disadvantage in that I don't know what my rehab costs are prior to my offer.

@Taylor Green This was confusing for me at first too.

If I were to buy a 30k property with cash and was able to rent it at $500/mo that puts me at $500-$250=my income.

I once bought a house (it was an estate sale, not a pre-foreclosure) and I received a fairly nice check written out to me at closing.

I haven't been around here as long as J Scott has but I've done several deals with BP members.I've found a good friend who has helped me do a lot of flips from mentoring to selling.I've found an excellent GC who I know will do a quality job for me at a good price.I've found contractors who do a good job quickly and economically which is a hard to find combination.

Hopefully those 3 things will be enough to get me at least my first deal.

In all honesty, many of them work several good jobs, making decent money and still barely making ends meat, and I could not take a financial advice from a person who can't handle their finances properly.

Take the time to explore all the resources available to you.Networking is how to succeed in this space and as such I wanted to give you an open invitation to feel free to reach out to me at any time.

Offer the property to investor I network with by assigning option to purchase or requesting a finders fee.If your numbers are solid and you are not greedy the meat on the bone for the Investor and the simplicity of the process should appeal to the right investors.

(they quoted me at 10k, is that normal?)