Alright I've got you locked in Edward.

Hi, I'm Danielle from Louisville,KY and an extremely new to this concept but so eager to learn!

@Kristina Edwards welcome to BP & congrats on your current 2 rentals.

@Steve Wynne I'm starting to understand the concept better.

While finalizing my extensive rehab plan (removing walls for an open concept, expanding a shower in the master bath) my contractor mentions we need to have an architect draw up our plans in CAD and then we need to have an engineer bless the plans in order to get through the City of Houston'a permit process.

I still cannot believe that building new is such an obscure concept on BP.

Welcome to Little Rock, @Nicole Edwards!  

However I disagree with the basic concept that it is wrong to wholesale listed properties - IF the wholesaler puts it under contract first.

good concept Bryan, flipping vs buy and hold are keys to how wealth can be generated by using two different methods of investing aka envesting as i like to say, i'm a newbie in this industry my plan is to buy and hold rentals and later refinance the property and reap the benefits of the cash flow to purchase rehab and flip discounted properties that i find along the way, my strategy may be different than most but most of my educational coaching suggested looking at every deal as if it were flip and or rehab, i agree with Bryan, if i can get the cash flow and equity that buy and hold offers then that is the strategy that works best for me, but if i run across a flip/rehab that is worth my while then i execute accordingly but leverage is a important aspect of the buy and hold strategy will be implementing in my world.......good luck on your investing journey

They teach them about the concepts of wholesaling but not how to run numbers or the important parts of wholesaling.