http://www.biggerpockets.com/articles/20509/user BiggerPockets Iman Yusef-Yahya Articles http://www.biggerpockets.com/articles/149 Wholesaling properties is a lucrative business, but there are a number of pitfalls and dangers to be aware of. Remember the old saying "To be forewarned is to be forearmed." The highway to real estate fortunes is littered with well-intentioned people who did not heed good advice. Let that not be said of you. Here are seven of the most common newbie mistakes to avoid. Let these be seven headaches you will eliminate at the outset. Consider yourself forewarned! http://www.biggerpockets.com/articles/149 http://www.biggerpockets.com/articles/439 In the early days of your real estate investing business, you no doubt lack in areas of operating capital and in expertise. You might want to consider finding a partner who will not only work with you, but will also help with the financing. The key here is to choose wisely and carefully. Otherwise, you may be facing a disaster. Finding a partner who can supply knowledge and operating capital may be exactly what you need to get your business off and running. http://www.biggerpockets.com/articles/439 http://www.biggerpockets.com/articles/440 One powerful method for raising capital for your real estate investing business is establishing a revolving line of credit with one or more financial institutions. The benefits of a line of credit is that once it is set up and established, it is ready and waiting for you to use. You can negotiate your real estate deals with much more flexibility and confidence, knowing you have the cash to close quickly. http://www.biggerpockets.com/articles/440 http://www.biggerpockets.com/articles/441 Beginning real estate investors may be somewhat reluctant to seek out private lenders. The process has the feel of “asking” for money. Keep in mind there are people who have money in low-yield accounts who would be thrilled to know they can higher returns faster by working with you. Finding and using private lenders will open countless doors to you in your real estate investing. Doors that otherwise would be shut tight. http://www.biggerpockets.com/articles/441 http://www.biggerpockets.com/articles/442 When you have a hot deal on hand and need capital quickly – without a lot of red tape – the answer is to find a hard money lender. While this is not something you would want to do on a regular basis, there will be times when this is the perfect fit. http://www.biggerpockets.com/articles/442 http://www.biggerpockets.com/articles/443 When you use options to hold property, you are using one of the most powerful creative financing methods available. In fact, options offer one of the best leverage situations in the business. Options help you to turn many more deals that you ever did in the past. And the best part is that the option deposit is a nominal amount. http://www.biggerpockets.com/articles/443