Purchase price: $43,000 Cash invested: $21,000 It is a cute 2/1 on the north side of Milwaukee.

If the strategy is to sell then usually what happens is they sell the property and you get your initial invested capital back (assuming they did not lose your money) and you get a cut of the profit.

There are a handful of coaches/websites out there that will give you a funds letter in exchange for a cut of your wholesaling fee. 

Purchase price: $60,000 Cash invested: $23,000 Got a cute 3/1.5 twin at an auction, gave it a cosmetic makeover with the biggest expenses being a new kitchen, floors, and a new boiler, renting out currently for $1900/month

If you have little money to get started you might want to try to find off market deals and pass them to local investors for a cut (wholesale) to build up capital

One reason is that lot developers did not in some markets ( like here in Portland) prosecute any new subdivisions for 8 or 9 years.. and there is an acute shortage of land or buildable lots.. so therefore we cannot keep up with demand.. and therefor building permits are still half of what we would normally see in this market place..its catching up by 2018 it should be back to equilibrium.  

They are all trying to make a cut of something they have no financial interest in.

It is a cute cottage style home with unique architecture.

What i mean by this is if i give my money to a hard money lender and they lend it out.I wouldn't want to be involved in the screening process etc - just give the money and get the return.I realize the lender will take a cut, so taking all that into account, what would the return be on say $100k?

RE agent should not get a cut of that at all...