If you can solve their problem, you can usually buy the house.When you are a new wholesaler, the best thing you can do is to get some reps calling and looking for another wholesaler in the area, before you put your own money down on it.

But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.

My partner and I don't get a cut of any of the money invested, it's a flat-fee membership club.

@Jeanette Land why don't you canvas your network to find a money partner?

Another reason to not like a PM is that there is no incentive for them to save you money.

Pricing higher than a bank ( if you can actually get a bank to lend you money in the first place)2.

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

I would spend the money to meter the units separately.

I have seen many investors lose money due to purchasing site unseen.

Sellers are always going to look at more money down more favorably unless the agent explains the why behind doing the FHA, especially in a competitive market.