Wholesaling can definitely be very time consuming, but it is possible!

The government has essentially shoved the burden of homelessness on our shoulders, promising that we will get paid eventually, but they're not considering how costly, emotionally tolling, and time-consuming it will be when we have to sue for back-rent in civil court...all the while knowing that, realistically, we have little chance of getting anything back if the subtenants "can't pay" or are judgment proof. 

I highly suspect you folks have never ever been through any kind of civil business litigation and have no clue how expensive and time consuming it can be..

I now completely understand the differences, and while consuming real estate content for the past week on this topic, I have also been leaning towards multifamily and this further cements that.

:Initial investment:€3,000.00 – Rental contract, First, Last, Security Deposit€3,056.68 – Furnishings/Consumables€1,308.03 – Taxes/LegalTOTAL – €7364.71 Average Monthly Gross: TOTAL – €1820.33Average Monthly Operating Expenses:€127.25 – Utilities€191.10 – Taxes, Maintenance, CapEx€289.15 – Management€1000.00 – Rent (*See Master Lease Strategy) TOTAL - €1,607.50Average Monthly Cash Flow - €212.83Est. months to break-even - 35 monthsObviously, there are a lot more details (challenges, wins, etc.) to this story.

@Luke H.If the buyer is living in the property now it’s a consumer loan compared to a loan to an investor and will kick in a lot more regulationsYou can’t do a balloon less than 5 years, need to have it serviced by a licensed servicer, will have to go by interest rate usury laws, collect escrow…..I would not loan on this property to an owner occupant

Check out our comments on Pissed Consumer for more about this poor excuse for real estate investing software.

This negative position can consume years of cash flow to recover.

I just think it is important for consumers to realize that they cannot use Handymen for everything (of course depending on their state as you say).And yes, better to jump in and get going.

There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.