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Episode Info:   Whitney Nicely is my guest this week.    Whitney Nicely is a master of real estate investor. She flipped her first property in 2009 that she got in an auction and has been at it ever since. Proudly a native of Knoxville, TN. Whitney is also the Principal Broker of Whitney Buys Houses. Whitney Buys Houses is more than a company name, it's a fact! Whitney has purchased over 15 houses in 2015 by paying CASH, Lease with Option, taken over debt, or by receiving Owner Financing. In this episode, Whitney tells us why off-market properties can be so lucrative, how she turned $1200 into $13,000 and why she started her training program.  Key Points   I find lots of success from auctions.  Always go for "Absolute auctions"; if the auction isn't absolute, there might be a reserve.  What was your first deal like? My first deal was land that I got at auction. Because it was a foreclosure auction I did not have to pay the full price of $69,000 and I got it for only $1200! Everything I find is off-market. How much money is required to get started in this process?  I don't deal with banks or have anything to do with credit. I've taken control of a $100,000 property with a $10 cheque.  Is this a rent to own arrangement?  When it's owner financing, I'm the lender. If they want $100,000, I set the rate for the next 30 years.  Do you screen your own tenants? I screen them. I don't have the same problems that a landlord might have. I do a bridge program; just like your bank,  I won't do maintenance for you neither will I.  My tenant buyers have to have $10,000 for them to move in.  How do you handle paperwork
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