On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?

Haven't been following this 21 page thread much, so someone please update me. 

I give you guys credit for taking the leap and making it work for yourselves - id like to follow in your footsteps in he near future.  

if the wholesalers actually follow the law and make those disclosures and the sellers are not completely devoid of real estate knowledge those who wish to wholesale are going to spend a bunch of money only to lose the deals in the 11th hour. 

I didn't hear this from Buyers, but I personally am tired of seeing it.The previous 3 years we strictly did the grey/white, but now thats out least built color scheme.

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

To choose an optimal investment location, follow these steps:Select a city with a metro population >1M and sustained and significant population growth.

We have spoken with them and pretty strict covenants as well as Axos bank

Today it’s to follow the state in which a borrower’s LLC is formed. 

The best thing you can do to protect yourself is to follow the law and treat people honestly and fairly.