You can do fix and flip but you basically need to buy it right, manage it right, and sell at the right time and for the right price.

I’ve been researching the basics of wholesaling—finding motivated sellers, assigning contracts, and building a buyers list—but I’d really appreciate some local insight.Are there any specific legal considerations or licensing requirements in North Dakota I should be aware of?

Basic questions - It is pretty much just confirming if they qualify or not.

I basically would manually gather that data and put it in my spreadsheet and it would then allow me to very quickly get a rough fair market value estimate for a given property.

I've currently been using Deal machine basically doing as you're stating here for wholesale, so how would grumpy hare help?

TBF, I would try to get some kind of proof of rent payment even because I have seen estoppels come in from clients but the actual rent was way lower...tenant was basically in cahoots with seller.

Basically a local holds the land and then the foreigner is secured with several legal agreements, such as loan agreements and powers of attorney, making you the "beneficial owner".

Basically whatever my tax person says to do, I do.

Hi Enrique, As you gain more experience, you will start to see how much the market dictates what a deal is, and how formulas are only basic guidelines.

This is considered unethical and many state are considering laws to regulate wholesaling.Ideally you have buyers lined up or you have a deal so good you know you can sell it.Your basic understanding is correct.