I am currently reading your book "No and Low Money blah blah blah" (sorry great book but LONG title) and fingers crossed am slated to sign contracts on my first wholesale deal Monday.

Zach Like I mentioned on Jonathan Twombly post, we are planning to cash out all our properties this year which should leave us with $340k in our pockets by the end of the year, with that money we are going to buy my parents house hopefully by next month (we got so lucky that they want to sell, it's in bad shape and my parents don't want to invest in it, they don't want anything to do with real estate) we offered to buy it for as is value which is $100k and they accepted but we will end up paying around $110k because we took over there mortgage payment of $960 this month will be our 3rd month paying their mortgage and hope to be the last one because our house should be ready real soon to put up for sale in our area houses are under contract in about 15 days so fingers crossed.

Can't put my finger on it exactly because I kept one house I got from a BP member and it has around $95K gross equity in it.

I want to blame it on the fact that traditional banks are unreasonable but instead of pointing a finger I am hoping to find another way.

Keep your fingers crossed that everything goes smoothly!  

Keeping my fingers crossed.  

Yes, I screened them both when moving in, both qualified individually with regards to income, so fingers crossed there...

And the fact that the loan is secured by the property makes it easy to invest knowing you will be paid without having to lift a finger .

So cross your fingers, it is going to be a photo finish!

I also understand that some guy with no money, no credit, no job, no assets can stick his thumbs in his arm pits, put his fingers in the air or snap his suspenders, hold his head higher and smile calling himself an "investor" and get more attention from those who view "investors" in the proper light, as understood in the investing world, without funny misconstrued accounting opinions as to what constitutes capital at risk.