With that being said, do you all recommend a newbie like myself first learn the intricacies and math behind successfully flipping properties before learning the intricacies of wholesaling including marketing?

MATH tells it to you.

If my math is right, if I owe $60k, use HELOC to pay that off, rental appraises for $140k and I pull out 98k (70% of value), back back HELOC and have $38k plus 68k for fully stocked HELOC.

Sad thing is i didnt learn until about 12 hours before closing, she couldnt do the math.

There is a lot to consider and my basic math on the income/expenses seems to show that I wont have an income from the property and all of my gain will be in equity.

The math would look similar to this:5.84/14=.486667 .486667 * the remaining upb after 6 months of payments ( call that $80,500).= $39,176.67 is what you’d price this note to an investor after it was performing.

But the simple math is that closer to retail you pay, the chances are the longer your capital is tied up to the property.

Now quick math, I earlier mentioned that I had not gotten paid for 2 months, 1000 a month.

Unless you have a model which can 100% predict where the next hot spot is going to be (and you might have, in which case we should become best friends), it will remain, at best, a guess - albeit one "backed" by more math than I would understand.  

@Jason DiClementeSeems like there are pros and cons but here's the math..