A couple of them I originally thought we could have worked together long-term, but after  our misunderstandings on that project, he did the work (not always great), I paid the bills, but his promises vs my expectations just didn't match up.

It does sound a little fishy that someone can sell properties without a license...or maybe I'm misunderstanding wholesaling.

It seems to me like it's a lot of additional steps for minimal additional gain, unless I misunderstand something.

"Good deal" tends to be a subjective judgement.Businesses are expected to acquire and use credit, unlike consumers / individuals.Account Closed,There seems to be a lot misunderstanding around this.

@ Brent Coombs, I think I'm misunderstanding what you are saying...Are you thinking we won't be able to find a cash out refi on a condo?

Maybe I'm just misunderstanding how you're calculating CoC.

Perhaps I am misunderstanding..?

Maybe I am misunderstanding your statement about FHA loans.I have my first owner occupied duplex under my belt for about 9 months now - it was financed with an FHA loan.

Now, I haven't read all of his work, so I may be totally misunderstanding his point, but based on what I am familiar with it seems that he recommends purchasing investment properties outright with a full cash payment.It's not necessarily a *bad* strategy, but it totally dismisses one of the most powerful tools in an investors' arsenal: leverage.

Also, the cap rates you're quoting seem much higher than what I'm calculating, but that could be because I'm misunderstanding the amount of units involved...how did you arrive at those numbers?