Those fat margins can be very tempting, but there is a reason they are giving it away!

One month for permits, three months for construction (but likely four to five), and then sold within another two months.Comparing the building department in Oakland to Berkeley: We acquired a lot in Berkeley, and that one is going to take a nightmare-ishly long time to get through the building department, but the profit is fat enough to be worth it.

I hope you have that much success.)There are plenty of good books in the biz section of your fave bookstore or go public at library if you are feeling cheap.

So yes, if you can afford to put down $200,000 and see NO return from it for 25 years, but THEN you get a fat check for $1,500,000 (in 2040 dollars) when you sell (it should have been for $3,000,000, except for the great crash of  2025), then yes, many people use this approach.

Without an Exclusive Buyer's Agent Agreement, I'd say that realtor is out like the fat kid in 5th grade dodge ball!

Numbers are numbers, last time I checked they don't smack you or call you fat so I don't understand how they come with emotions. 

Since it sounds like there's plenty of fat on this deal, I would say do what she asks and do it right.

There's an old saying, "Pigs get fat, hogs get slaughtered."

Hopefully you have built up a nice fat list of rehab buyers to wholesale to.

I have seen overages be FAR more than they would have got even selling it on the open market.. simply because they have no selling cost  no realtor fee.. no closing costs.. etc etc.. they just get a nice fat check.. out here on the west coast this can be 10 to 50k or it can easily be over 100k right into their pocket tax free and expense free.