Is this true? 

(Ok not true but close).

Wholesaling is portrayed as an easy entry into real estate, but that's not true, so don't fall for that.

I like to share this story as a cautionary tale and while nobody has a crystal ball and can predict the future, understanding the end goal can  help investors understand  whether they invested in a market that can reap the true benefits of SFH rental ownership or perhaps point them in that direction. 

While that was the case in the past, isn't it true that is not the case today?  

If so, Id recommend shopping with at least 3 lenders/brokers with at least one of them being a broker (brokers typically have better rates).

@Russell Brazil makes some great points as always.Often times wholesalers will make the claim that they are selling contracts, which on the face of it is true.

However, if all else holds true and you can get it for 110k and costs are 40k besides holding costs - I'd go for it personally. 

We do have a couple engineers in our program, but the majority come from all walks of life – home builders, software engineers, dentists, fix n flippers, home wholesalers, real estate agents, shop owners… to name a few.

Hi Melvin,Origination charges = 0 [Covered completely with lender credits]Services you cannot shop for = 2725 [This is the VA funding Fee]Services you can shop for AKA title work = 1723Total Loan Costs A+B+C = 4448Taxes and government fees = 3279 & G Prepaids and initial Escrow at closing = 10007Total cost including escrow = 14455