As @Aaron Mazzrillo for wholesalers in Socal there are some wackadoodles willing to pay way too much for it so he sells it to them, the distinction is he would not himself work with those numbers.

@Joshua Dorkin you did the admirable high road by not engaging with this persons negativity.In my opinion, there are definite distinctions between the terms Flipping, Repositioning, & Building Equity.Flipping is about finding & controlling (not necessarily owning) a mispriced or undervalued with the intention of selling it quickly.Building equity is more about reaping the benefit from appreciation & amortization of time.Repositioning is about improving property value by:1) Shifting to a higher utility ex. raising the income in a "C" class apartment building to a "B" apartment building by adding amenities & improvements to attract renters willing to pay more)2) Changing useex. taking a single tenant commercial or industrial building & changing the use to multi-tenant retail or condominium lofts.

It's important to remember this distinction and let it guide your choices.

jk) Each FIBI chapter is distinctly different .

I would also double up support of the engineered spans over the living areas because settling & weight upstairs may/will cause distinct drywall edge profiles if there is any movement over time & correcting it for resale is a LOT of unecessary work.

Now, when an equity contract is purchased then the flavor changes as there is a cash outlay and that can impact the treatment of securing collateral and servicing.

The C-Corp is a distinct entity from the 401-K.

After they gut the corruption there, the investors who picked things up for pennies on the dollar will turn the spigot back on and collectively grow their investments.People from outside the area don't necessarily realize the nature and geography of the region, how massive it is, and how distinctly separated the different cities are economically, even though they can border each other.

Probably an important distinction to say that while it is certainly a RESPA violation to pay a referral fee to an unlicensed person, it is not illegal to pay for marketing.

Between the buyer and seller, those "life occurances" that mess things up were rather light with only two mentioned, death and bankruptcy with the reaffirmation of the debt agreement, being a good thing, if it's accepted by a trustee.Considering the marketing flavor, excepting that out of the information, considering he is an attorney, I'd say it's a B-... understand I'm speaking as to RE financing and not his legal opinions.