I wasn't saying he sold the really cheap homes.

He had a successful flip, and sold it for a profit within seven days on the market.

In his, it may be called something else, but once he checks it, his software should unlock all past losses specifically linked to the sold property.

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Like I brokered a 22  lot development of duplex's for a builder and just charged him 30k flat fee per sale.. they sold for 225k each back in 05 when I did this and I sold them all in one weekend at a big event i paid for in San Jose CA.. all to CA investors it was my fly and buy program I did in those days..

Quote from @Isadore Nelson: 180k + 40k, sold for a 'profit' at 218k? 

curious how do they structure a note purchase that is not all cash. did they already own the note and just sold the note to you or something ?  

I have one floor plan in my project that is set up for this.. out of 90 homes we have built  we only sold 4 of them .  

Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

In a last ditch effort I sold my personal home and made about $200k from the equity.