I did this last year actually on a second.Another caution here, speaking of just buyer notes, as Dion like to mention "class" there is a difference between loans funded with cash and obligations as paying equities and purchasing equity notes can complicate the flavor as part may become viewed as a cash obligation to a point (when purchased at a discount) and the equity amounts of the unpaid balance.

I think the distinction is that -- as a vast generalization and not applicable in every case -- many wholesalers aren't so much interested in working hard to be successful; instead, they are looking for a get-rich-quick opportunity.

Look for expired listings, properties with a history of being on the market, high DOM count.Does an ice cream store only sell the flavors?

There are three distinct types of knowledge you needHow to do deals, wholesaling, rehabing, lease options etcHow to evaluate dealsKnowing your marketYou only need to know how to do 1 type of deal to move forward.

I was having trouble understanding how to calculate it when there are distinct discrepancies, like extra acreage, or a swimming pool, etc?

It may be that a prospect is unaware of such distinctions, but of course for the sake of your credibility it's good to err on the side of caution.

From the brokers that I've met with, it seems that there are distinct differences among them.

OTH, it is not secured by title necessarily but certainly takes the flavor of an installment sale like a land contract.Regardless, IMO, these Acts will be the new base line from which to judge predatory practices regardless of whether or not a seller is required to comply.

Oh gosh.The distinction here is different than what is being guessed.

The distinction is people trying to wholesale out of the gate and they do not have knowledge of anything.