There are those on this site pitching this Phili properties as good TK deals but as I say the risks are great I grew up in that area, and much of what you say about that city is, if anything, understated.

quite frankly, the title person is either too ignorant to understate the wholesaling process or unwilling to learn something new.  

But I'm not sure if my numbers are grossly overstated or understated, but I'll find out once I get the contract and get actual bids.

The first problem is your expenses are way understated.  

As project sponsors, we definitely need to ensure our legal bases are covered.For the purposes of my question, let's assume that prospective investors are accredited and any investment would be a qualifying investment transaction under state and federal mandates.

Do so even if you intend to self-manage because your time is valuable and you may eventually want to remove yourself from the system and hire outside management.I imagine many sellers intentionally understate or omit certain expenses on their pro formas because it makes the paper returns look better.

I came across multiple sites that say that Brokerages can pay fees to nonlicensees for referrals under state law if they don’t engage in activities with the referrals that require a real state license.How am I supposed to know what activities qualify as this?

Many times this can fall under state law.

Here we go......As I'm putting in offers I know one of them will eventually be accepted and the deal will close.  Had a few snags after having offers accepted recently but it's par for the course.  So when the good de...

The drive by appraisal understated our square footage by 300 sq ft and didn't give us credit for our recent renovations.