I would suggest suing the fairly new system from Basic that requires NO sanding.

To understand how, you need to understand the basics of real estate, types of deeds, basic contract law an how title interests are transferred.

Hi @Robert Cook - You definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!

(Friends, family, people is your sphere of influence)Realistic LTV for most of the basic HML companies is going to be 65%-75%.

Having a legitimate marketing piece and knowing some basics will go a long way.

I noticed that when he asked me to make an offer it was one offer only(wholesale), basically a take it or leave it offer, and most of the time the seller said no.

I am a furniture designer from Milan (Italy), currently living and working in New York.I love very much to travel, develop my projects and live my life at 360, and I have been looking for a while for a way to become financially free and to make more money out of my time.I was happy to find Bigger Pockets in my search.I will start learning from the basics of real estate investing, working hard and hopfully having some fun, I look forward to explore the forum and to know many of you. 

Here are some tricks I have learned1) Look for distressed properties (foreclosure/short sales)2) Look for ugly properties 3) Properties that require a long wait time to get into see the property4) Poor Landscaping5) Off times of year (winter, etc)6) Be Patient and Deal with Poor Realtors, etcSo there are lots of ways to be successful off the mls.

Basically, the spot is determined by the strategy (or the other way around, I suppose).  

They basically wrote me a check for 61.5k, then I paid them back $1.5 in addition for their home equity payments.