Turnovers crush profits, so I keep these people in for cheap and they don’t bother me for much.

One of the key takeaways in a person's wholesaling journey is finding the right people who are serious and want to connect with you to create profitable and wholesaling success.I connected with someone on the east coast and they want me to work with them as their virtual admin finding buyers and sellers for them.

Down the line you can start looking at DSCR loans for your properties, or even I/O (interest only) DSCR loans, however you'll need to prove to lenders that you not only know what you are doing, but that your method is also profitable.

If the rent covered those three and PITI (or other expenditures like Management), and gives you a profit/return you're okay with, done deal.

I think it depends on 1) what kind of profit/loss you’d make if you sold it and 2) whether fixing repairs and replace the siding would increase the next tenant’s rentI hope that helps some!

Cape Coral has 425 Homes that closed in September alone and homes only sit on the market for 62 days on average.My advice was to use the land to build a home to increase the potential profit and speed up the sale time.  

I would tithe on my increase, which would be profit whether you take it home or leave it in the business.

Typically yes, they want to know how much you will be spending and if you are making a profit..

So in essence unless your going to fight (and pay) for a fair return against a fascist Oakland rent administrators - your profits will slowly decrease.

. - Is Big Bear Lake still a profitable Airbnb market in 2024?