Is this a good 12 step wholesale, no money down, business plan?

[Kevin Cardinale]

I am sorry if this is already somewhere. I did look, and did not find it.

I was perusing my documents folder, to see if I had left something undone that I was supposed to do, which happens all the time. I ran across a document I had obviously copied and pasted, Entitled: 12 Steps - How to Flip Houses? Or How to Wholesale Houses? No MONEY DOWN.

I punched that into google and it came up, of course. http://www.313realestate.com/blog/?p=999

Presented in full below. My question is, is this a good business plan, and is it really $10k that you are only making? I really don't know what to expect, since I have yet to wholesale one house, or any house for that matter. Regardless of the amount is this a good business plan / practice?

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