A triumphant post outlining the details of my very first wholesale deal and what an unmitigated success it was.

This are the details of the property.3/2, 1000 sq ft living area , 7500 sq. ft lot...REO owned by the bank, it was being sold at 64K with a note on MLS saying "This property is being occupied w/former owner.

I just pass all this info to my CPA and he sorts out the details.

Opinions will vary on this, but I never put a house on the market until it is totally complete with landscaping, final cleanup and staging completed.You only get one chance to make a good first impression with a buyer, you want the buyer to be noticing all the great features, you dont want them looking and noticing incomplete or unfinished items.We have had many of our houses sell first weekend on the market this past year.

Fabian Johnson Maybe you can give us a little more detail?

For example, on Zillow, it shows this property was listed by bank on 12/21/2012 - but there is no price.http://www.zillow.com/homedetails/723-W-Las-Olas-Blvd-Fort-Lauderdale-FL-33312/43203838_zpid/However, if you press the "View Complete Details" button, it takes you to Wells Fargo where it listed an agent, but the status is "Coming Soon" and price TBD.http://reo.wellsfargo.com/WBREODetails.aspx?

I replied to another thread we're on with more details on what I'm thinking.

Those you feel on the same wavelength with, you could shoot a "colleage request", and use the message feature to begin developing a relationship.

http://www.realtor.com/realestateandhomes-detail/222-Grove-Ave_Des-Plaines_IL_60016_M85510-89913Could this also be a supporting reason why CAP rate should NOT be your only metric in buying an investment property?

I always respond to the buyers thanking them and attempt to get details as to the type of buyer they are, how long they have been investing, what sort of properties they are looking for, price range etc.