I don't know, I stopped wholesaling as a main aspect of my business model, I wholesale properties that I pick up but don't want to do anymore because I get better deals, so I am on the same boat asHow is the market down there in Jersey?

The price is 55000 And the building is 1900 model updated 8 years ago

It's actually a disservice to the seller and poor negotiating skills of the listing company.These larger companies often have very large overhead costs and must keep transacting to survive.I run a different model at my firm.

Putting aside the fact I would never mail a yellow letter because of my model, you can do better than sending a mail piece since you are spending considerable energy building the list.Sign up with BeenVerified or Intellius to find phone numbers, e-mails, social media pages.

That's $628,560 more per year going right to the bottom line for every 1,000 units we own and operate.I'm not a landlord, I just own companies that own assets, one of my companies rent them out, and others process debt collection, etc....We have taken things a step further and redefined operating models, work hard to redefine the industry as we see it, yes within the laws. 

We have used a design software to do our permitting, and visually model things like removing walls etc.

@Robert FreebornFirst year:Real Estate Course: $420 (Rockwell), there are cheaper schools out there.Written Test: $125Finger Prints: $30Realtor's Union dues: $620 (Optional depending on Brokerage)NWMLS dues: $480Supra: $75 activation + $15 a month = $255Office fees: $65 a month or $780 (Will vary depending on Brokerage and Model)Total: $2,710 Additional Cost:Signs: This will vary depending on Brokerage and if you are on a team or notBusiness Cards: Depends on what you wantEvery two years after that you will have a certain amount of CE that you have to accomplish, but if you take advantage of free education hours put on by Title Companies and other outlets, you can reduce your cost. *** Fact ***If you sell one house a year, it pays for itself...

Very interesting...He told me he is not offering a service model like the percent of rehab and wants a flat fee. 

Regarding rents, indeed if market rents go up the management keeps all the upside (that's the downside of this passive/low risk model).In terms of rental income tax, I can shelter with insurance costs and property taxes. 

The ones that think they do are usually following the traditional BP model...and they'd be wrong.You have to "reverse engineer" it, starting from your Financial Goals, and working your way to where you are right now.