You have to get the ball rolling before you can expect the snowball effect financially.A few people have quick success and get the ball rolling fast, while others have a harder time.

Fast forward to maybe 2 to 3 months later and a mutual 3rd party friend who knew both me or my brother and the guy who got the place contacted one of us, not saying why this was but that we could have it for what he paid PLUS 5 grand, which quickly turned into just what he paid and I got the feeling this price was dropping like a rock!

But thanks to wholesaling I can do all this stuffI think people fail wholesaling  because they think is easy, and they get frustrated when they don't see results fast. 

Another question is if I'm looking at off market deals that come to me, I would need to come up fast with the money because the property may be sent to me through other means ( realtor, wholesaler, etc) than the MLS and nobody will wait for a Conventional Loan to close 90 days out. 

If that does not organically happen fast enough, I would give a couple of residents at a time the option to (1) stay in their current unit at renovated rent levels and perform renovations that can be done in an occupied unit (2) move into a renovated unit at renovated rent levels or (3) move out.

That being said...it is both South of Grand and East of Lewis haha Is that a hard and fast rule to not go there?

I now run several real estate and related businesses and am loving every minute of it…except for the mask mandate rules that change as fast as the weather.

Not so fast.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

Additionally, budgets have tightened since a lot of the free money dried up and the fast rising inflation has caught up with consumers causing continued downward pressure on prices and occupancy.