In the end you have to do what fits your business model.

Phil is up to V7 of a model using the model I originally posted.

So i was talking to a lawyer about my business model and i asked about double/simultaneous closing for wholesaling banked owed property, he basically told me that its not possible, there is a 90 day seasoning and why would a savvy rehabber investor who has access to the mls go to you for these properties. so here is what i propose to investors that wholesale banked owned properties, First off how do i get around the 90 day seasoning, if there is any seasoning and most savvy investors has mls access so how would i make reo properties attractive to an investor with mls access, what properties on the mls should i target

My business model?

Depending on the chain they have a selected broker handling their growth and searches for them.The restaurant also has a builder that does spec work for them.Not all restaurants have free standing and some only have in line models.You have to see what the product mix is for the area.Example if 20 pizza places are in a 2 mile radius the saturation rate might be to high for a particular restaurant.They look at demographics,price for the land,required easements,traffic flow for time of day whether they are mainly a lunch driven business or dinner.Shape of the parcel for architectural work,flow,and what model of restaurant they can build there.Example a franchise has 3 size models.Data for the area suggest the biggest model.Your parcel would only fit their smallest building.In that case they might see about buying another parcel to increase size or find another location.Chain restaurants usually lease the space so they can free up capital to keep growing locations and their brand.

Package deals made me a lot of money in my first years as a wholesaler, but more importantly they made me take my business model to a whole new level.

Our "model" building may yield a little less anyway (blue collar, better neighborhoods, therefore demanding higher price) but I am hesitant to take my money OUT of something that is yielding 30% unless i can at least make a premium on the way out.

Then they find they want to spend more months and buy a small park model that doesn't cost much.

.: If you are bent on low income try picking up bigger buildings and section 8ing them for the cash flow because there will likely be no gains on the sale of that real estate.Mark Updegraff I am advising against it but balanced my posts with counter examples about a simliar model that is successful in Indy as well as a another avenue to investigate (Sec 8) for profiting from RE in this type of market.

In my market, there are plenty of deals I see on the MLS where I know it would take an above-list-price offer to get it.That said, my guess is that this agent is just trying to earn a commission and realizes that repeatedly putting in low offers for you is not a good business model for her.