Some food for thought, most successful wholesalers find deals direct from sellers where agents are not involved, most of them do some type of consistent marketing, to find deal leads and most have buyers lists of approved all cash buyers to take them down.

You just need to run this through a filter and see if it makes sense to control an asset with zero bank involvement up front...and assess what structure of the deal takes on.I just offered on a 6-unit last night...and usually keep consistent opening terms for debt-free properties: 10% down, pay sellers closing costs and all document prep fees, pay realtor commissions, at or near list price (if it makes sense), 4-5 yr balloon, 30-yr amortization, 6-7% interest.  

PS, I have no idea about any of the numbers since we don't have info as to what the actual repairs are, what the ARV is, and what your monthly holding costs consist of.

Good consistent rental.

You should focus on getting consistent w2'd income then you can do up to 10 residential mortgages b you'll need to get the income to qualify 1st.

You need to see some consistency in the market: a) have the jobs been coming in for the last few yearsb) have the population been increasing in the last few yearsc) does the area have industries diversityd) who are the major players in the employment industry?

Two main thing are content and consistency, posting content that people want to read or listen to, and doing it on a regular basis.

Forbes has a habit of putting something like this out every few years.The "bad" thing about investing your IRA in real estate is that the main Wall Street players do not have control over your funds and the means to earn commissions selling financial instruments.His arguments are entirely tilted towards to negative and not providing any context or perspective.I could just as easily pick 3 or 4 historically bad stock investments (Enron) or high fee annuities, and make it sound like that was all that you could expect if you went to a conventional brokerage - which is clearly not the case.For someone who understands real estate as an asset class, there is the potential to have your IRA produce consistent returns and have true diversification away from the news-cycle volatility of conventional financial products.

I did a partial remodel in the basement which consisted of painted ceilings and laminate plank flooring. 

Hi Chris,Be careful that the entity structure you are setting up is consistent with the best tax strategy possible.