Your "clients" will disproportionately be elderly people who you will be taught to "help" - somehow you convincing them not to take market value by listing their home, or selling it subject-to, is "help".- In between finding these "clients" you "help solve a problem for" (in the language of the gurus), you will be angrily dismissed by hundreds or thousands of people, if you are able to get into contact with them. - In the extremely unlikely event that you get a property under contract, your assignment fee, in many locations, and probably on average, will be less than the commission a licensed broker would have received for selling the property. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.

Bunch of realtors come on a spout off that their clients cash flow from day 1 all the time.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

I have spoken with them a few times, they are unconcerned, and happy to have me just pay the interest every month until it converts.

So the turnkey company has made 50k on their flip without needing to pay realtor fees of 6%.

My clients buy from wholesalers all the time.

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

It starts with doing 10-20% of the work and paying much lower taxes.

The only thing in that county is that I pay a higher property tax rate as an investor vs. a homeowner.