The Thunder's inexperience is has really been exposed by the gritty and experienced Mavs...as soon as James Harden fouled out the Thunder could not generate any offense and the Mavs began the hugs comeback.

It seems like almost everyone who is on the podcasts has some stories of early properties they got into that were GREAT deals only due to their inexperience in evaluating deals.

If a borrower is not a 3 yet in experience then they'll get 80% of purchase.Feel free to reach out. 

I'm beginning to hate the word mentor but I'm a coach in REAL ESTATE INVESTINGMy specialty tends to be wholesaling and seller financing, which includes lease options and subject to and wraparound mortgages on acquisition, and I love " less than $200,000 median markets " such as Ohio Pittsburgh Florida, etcI like joint venture partnering and private lending with IRA fundsI look for students were more intermediate in experience and they understand the basics of REI but they want to "scale" their business, like the "Emyth Revisited"I have 30 years experience in real estate investingI charge 7000 for the year maximum 100 hours of my timeI have a conditional guarantee that if for any reason you do not gross $7000 with my training you get your $7000 back, but you have to do the workI do like expired listings and terms deals quite a bit@Venkat IyengarI have bought and sold and done create a finance in New Zealand but I have not been to the countries that you're referring toYou may want to find one location you want to try to learn and hire a broker that works with Sellers all day, do a joint venture and pay for the marketing and split the profits

@Phil Jameswe have a fellow investor who wasn't underwater to the extent you are, (nor at as high a price), but he had major Landlord issues (inexperience) & couldn't get rents paid etc.

Suggesting that your original repair estimates might be off was based on your inexperience, not that big spreads don't exist.

If not - one thing you will have to realize that you will probably have new construction subs trying to get in your shorts a bit more preying on any inexperience they may sense you have with new construction and the corresponding costs.  

Ok, maybe inexperience and some other things but sometimes you just have to jump in, rip off the band aid...pick your metaphor.I would appreciate any advice on what information I need to gather to make a good decision on if the property is a good deal or not. 

Don't get me wrong, there is an opportunity, most agents turn away rentals because of the hassle, inexperience, and lack of commission check, but again you only business model it might be a struggle to get up and going.

Using a contingency is a minor league move and shows inexperiance as the major league players know what they are doing, they find the deal and make the money on the buy not the sell.Knowledge is power, thank you all