Purchase price: $155,000 Cash invested: $159,000 I offered my client 155,000 for her home that she was considering selling, she said yes.

The prices homes sell for are public data and you wouldn't need MLS data for that.

@Glenn N.Same as jay you pay taxes on the state you are in.If you were to foreclose take it back and sell it then you pay taxes in that state as well as its real property you own

I think you would have a better shot selling the loans than getting a collateral assignment against them.

He just wants to sell the house and use to $ to help his father with health issues, so he's willing to sell for under market value.

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

That is true for maybe 1 percent or less of the wholesalers who try it.When you are new and you ask for a wholesale mentor online, you are going to get every pitch, course, guru sell that there is.

Nothing these guys sell is anything you can't easily figure out on your own.

@Paul Bogard going to assume you are buying this proeprty to live in while you "house hack".First, you should understand +95% of real estate agents ONLY know how to sell owner-occupied properties and are almost useless for investors:(Find an agent that has rental properties themself or can PROVE they've got successful repeat investor clients.Secondly, you can greatly improve your cashflow by renting out your other bedrooms.

If you were going to rehab and sell, you could just bring on a money partner and split the profits and manage the work.