Hello and welcome to yet another blog from your one and only wholesaling friend Mr. Wholesaler of Cincinnati. I am so thankful today that they finally plugged the hole in the gulf. That has really had me so worried over the last 90 days, but for now it has stopped leaking. Now on to my wholesaling news for the week, it has been a very educational and exciting week at Royseinvestments. They had a great event at REIA of Cincinnati this week, a cook-out, corn hole to play and tons of real estate to talk about. The REIA of Cincinnati has made me into a wholesaling machine, there are some many good and educated friends down there. These are some of the greatest people you will ever meet and alot of them give free advise and believe me I have asked a ton of questions. There are REIA's all over the states, so make sure you find one in your neck of the woods. I have met more cash investors there than I do with my bandit signs. So if you are just starting out make sure you find a group where there are like minded people. Real estate investing can be hard when you first start out, I know from personal experience. My own family thought I was crazy when I first got started, they would say you can't buy homes without credit and you have to have money. So don't listen to the doomsday people who think the world is headed for a depression. I have made more money in the past 2 years than any other time in my 12 year career. I believe that you must surround yourself with positive people who think that anything is possible. Check out this video out and see what you think and has got me where I am now, belief is everything http://www.youtube.com/watch?v=_b1GKGWJbE8. This week has been exciting in wholesaling, a house I just got under contract just 2 days ago I have found a buyer and have it under contract. This is one of the good homes in a good area that I always preach about. I put it under contract for $75k and resold it for $82k, I could of made around $10k. But remember the cheaper you sell it the faster it will go, rule number 1, buy it so cheap so you can sell it so cheap. I had a wholesaling company trying to get it and sell it to there buyers, but they only wanted to offer $78k. Let's just say they got alittle mad because the buyer I found off one of my bandit signs was one they had worked with before. They will get over it because I always find the best deals in Cincinnati. I started 6 new short sales this week which I believe that short sales do take a while, but if you keep you pipeline full with them, some will come through. I had a client I had talked to a year ago call me back and said I want to get rid of my houses like ASAP. She has a very nice 2-story brick house that is in move in condition, but is located in a area where there are alot of bank owned houses. She owes like $122k on the property and she has had it listed for $126k, but has not had one offer in a whole year. This is very common with the market we are in, some areas I have seen have not been affected to bad and then there are areas that have been overwhemled by bank owned houses. I love these kind of areas because for short sale reasons, you will have alot of low comps and the bank will see this. I love these kind of short sale areas, becaue you have ammo against the bank with low comps. I am going to try to get this house this house for around $60-$70k and then resell it for $85-$90k. This will be a great deal for a owner occupied house because they will have a house with instant equity, I will keep you posted on this one. I love real estate with all the ups and twists and turns it will throw at you. But you must stay positive and believe that real estate can take you to the top of the world. Just get out there and find a way to make money for there are many in real estate. See ya on the flip side!!!!