Dion DePaoli It seems like the agent is correct, and doesn't want to be spinning her wheels, as we know is the case with a lot of "investors"/wholesalers.

In order:1/71/201/4My ratios are slightly skewed because I can spin a wholesale deal into a listing and still get paid from it.

I've had so much back and forth on this, my head is spinning.

So my wife and I just closed on our first rental property. Built in 2002, all brick It is a 2 bed 2 bath, 962 sqft condo in an area where the city is building new restaurants and entertainment venues and in the path o...

The ones who need to go to jail are the "wholesaling gurus" that spin a perfectly legal aspect of contracting into a course of how to lie, cheat, steal and teach unethical and even illegal tactics.

I think you're spinning your wheels trying to get a deal on this. 

My head is spinning over that amount.Here in Houston (yeah it's not Chicago) the water bill for a SFR runs $30-$50 a month.

What you have listed here (buy a quadplex and try to get $150 a door...once I hit 20 units and if I'm making $150 cash flow on each unit) are strategies...not a plan...and you must have a plan or you'll be spinning your wheels.The plan needs to involve how you are planning on getting financing, how you will use that financing, how each entrance strategy you use is based on the exit strategy for that deal, which is laid out based on the entrance strategy for the next property, and so on.Do you have a team in place to execute your plan...when it is designed?  

You are spinning your wheels calculating numbers for no reason other than to say they make "sense".

I'm told not too kiss out on this but jeez the closing costs plus rehab, plus down payment, plus mortgage insurance (fha) are making my head spin.