My second question is even more simplistic: If you've read this far and you're familiar with wholesaling and you have an idea of what I'm trying to do here....what should my second question be??

So my assumptions of building a house for 275K might be very simplistic - hence my post.What all should I be looking for in house building - hiring a GC vs others?

Simplistically, here is how it works: The wholesaler finds a house with equity in its current condition, gets the property under contract, and then assigns/sells the contract to an investor.

It's about right a deal on a simplistic view with that metric, and yea, sounds like what I can find in Omaha as well.Problem lies in your offer strength.

(Again, I know I'm being overly simplistic and generalizing, which is always dangerous).

It completely depends on what you are doing and what state the house is in, estimating by square foot is too simplistic unless all you are doing it for is paint and carpet

I politely disagree with the question itself as too simplistic and over-generalized for any answers to be useful. :)

Let’s look at an example of renting vs owning.For simplistic purposes let’s say you are considering buying a home for $250,000 at 4.25% (current interest rates 2018) on a 30-year mortgage vs. renting an apartment for $1,250 per month.

This is a very simplistic approach though.

It is overly simplistic compared to what I have learned in the real world, but the principles hold true!