Wholesaling101 You Tube ChannelKent Clothier – You Tube Memphs Invest channel

@Ned Carey Thank you for the feed back & the helpful blog about finding a mentor; I will check it out now.

updateKTVU  channel 2 Oakland reports his car was found at lands end in San Francisco.. search under way...

Do you have two separate systems or a chase from crawl space to feed upstairs?

Yes, there has been some dips in our market but it has always made higher highs and higher lows, it is a channel with a upward trend.

Wholesaling101 You Tube ChannelKent Clothier – You Tube Memphs Invest channel

I don't operate in that space, so I'm trying to make sense of the economics, so please correct me where I'm off.Purchase Price:  $1MDown payment:  $200KMortgage:  $800KMonthly payment (30 year fixed at 4%):  $3,820Taxes:  $3,500/yearInsurance:  $1,000/yearVacancies:  3% (tight market, but there will always be a vacancy at some time) $1,512Maintenance:  $1,000/yearTotal Income:  $4,200*12=$50,400Expenses:  $52,852Are you saying that I should put $200K down, feed the negative $2,400 each month and wait for appreciation to make up the difference over time?  

Needless to say we have been busy but NOW is about that time I would love to find another deal or two to feed our pipeline.  

Click on my Youtube channel to watch my other rehab projects!

Of course, for you, the attraction of giving up profit is not having to make the monthly payment, but HML like the added time pressure created by the rehabber having to feed the interest monster.I've met a few people here locally that have broached partnering with me, where they'd provide all of the capital, but I have always wound up doing some work myself on projects to save $, but it's a different equation when saving $2,000 on demo is really only putting $1000 in my pocket.