There are many cases of this exact scenario playing out all across the Bay Area.There are the wise few who understand what RC can do, and they save the delta between controlled and market rents. 

But I'm also going to call a duck a duck.The price the wholesaler got it tied up in contract for is NOT, by definition, market value - because the seller is intellectually disabled or senile or imprudent or desperate or divorcing or whatever, and you're here to "help" them.It's far below market value, and that delta is the wholesaler's opportunity to line her pockets.

I have gotten the Delta welcome bonus three times.

At $850k all in and ARV if $1M while there is a $150k delta he numbers are still tight as you most likely will have carrying costs, and if you have a buyer with an agent will you turn them down ?

Is that delta small enough to afford you the same lifestyle?

We got a whole lot of skymiles lol....

Example:Old Financing-Own home worth $200k, with $100k debt=> With 80% loan of $160k, $60k is available with $2.5k in refinance costs-Current mortgage is 30-year @7.5% with an original balance of $150k=> Payment = $1,049-Been paying for 17 years with 13 leftNew Financing-New loan is 15-year 5.25% with an original balance of $160k, closing costs $2.5k=> Payment = $1,286AnalysisPayment delta = $1,286 - $1,049Annual payment delta = $2,844Equity proceeds from new loan = $60k - $2.5k = $57.5kDivide increased payment by equity proceeds => $2,844 / $57,500 = 4.9%4.9% represents the minimum you can accept on the equity proceeds to replace the increased payment amount.

@Ben Roberts,Try one of these 3 attorneys.Greg Ziskind at CloseTrakWill Griffin, Jr. at Griffin, Clift, Everton & MaschmeyerDoug Beaty at Delta Title Services, LLCThey are very experienced at working with investors.

I am Dan. I have a beautiful wife and two daughters under the age of three. I currently make decent pay at shift work but I have wanted to get into real estate for a couple years now. My only experience is from purcha...

I'm purchasing properties in the following Colorado cities:-Grand Junction-Fruita-Clifton-Palisade-Delta-MontroseAny wholesalers with properties in these areas, please contact me!