But Ben comes in and underwrites this at $500,000 because he knows the $150,000 to get it to market only consists of $70,000 hard costs and the $80,000 is his reward for taking the risk and for his time.

-i searched on google maps and it has this amazing feature that allows you to see the street in "3D" so with the mouse on my computer i "drove" around the neighborhood i would like to wholesale in, (where i think the best deals FOR THE BUYER) will be, not for my personal gain. with wholesaling, when doing research on properties, its easy to get excited about what you can potentially make, but anyone who has read "think and grow rich" knows that any profit is a reward. my motivation for wholesaling houses in the "hood" is because it is my home.

They were both charming and hospitable--I had a blast talking shop with the big boys/girls! 

Get signed up for Pro Rewards (You qualify cuz you flip/own investment props)  I think we can help you NOT over spend on improvements.  

On a home that had been properly rehabbed, this should be a sound financial investment.Considering the fact that you are investing in real estate with unknowns - tenants, unforseen maintenance issues, insurance claims, etc - to me - a 4-5% return doesn't seem like an adequate return on my investment (risk vs reward).

The rewards are plentiful.

I wish you the best of luck in that and know it would be rewarding in more ways than one!

I encourage you to stay involved in the community and see where BP will lead you.Real estate is a rewarding journey if you can put all the pieces together.  

Long-distance investing is certainly more of a challenge but can be very rewarding considering the difference in property prices from London to MA!  

I'm sure you can get a house in Phili for what you have now but weigh out the risk/reward of getting a C/D property.