You will get a better rate and terms, experience, and a faster closing going wholesale than you would going with a retail lender. 

Wholesalers have no intention of closing on a deal themselves so in that case a POF is of little to no value to that seller if the wholesaler doesnt find a buyer. l do corporate transactions (not an RE attorney as per my profile) and it’s rare anyone has cash.  

That leaves off market, auction and wholesalers, also very difficult to navigate from afar.Buying and holding is a better strategy with that amount of Capital and has more margin for error.  

Just curious if the numbers look right to experienced wholesalers before I lock it in...Let's assume the property is in a healthy market area and that my ARV is correct...

I've tried working through wholesalers, but the numbers just don't make sense.

I’ve bought most of mine off the MLS, but have found a few off market or from wholesalers.

Buyer is behind on mortgage.Home is worth 254k.Mortgage is 186k.Very little equity there.No liens or other outstanding incumbrances.Would this call for a novation situation?What would you do?

You won't find anything worth while in this area that's listed you'll need to connect with wholesalers to find off market deals or do marketing to find them yourself.

I have 2 duplexes under contract to wholesale.

Investment Info:Single-family residence wholesale investment.