Obviously when things break and we need to manage contractors or go over personally to do repairs that time goes up significantly. 

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

$3500 in repairs with little downtime in getting it fully occupied.

I believe you can deduct the other business expenses (home office, supplies, repairs, maintenance etc) - but the bulk of it (depreciation) is likely passed on to later years.So first house 2021 - I'll assume 250k purchase price and you put roughly 20% or 50k down. 

In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.  

Even if you do find such a deal, getting it to cash flow after repairs and a cash-out refinance is extremely difficult, especially for single-family homes.

Repairs were $25,000.

It is always valuable to be able to walk into a property an analyze cost to repair, it is a huge factor in determining the feasability.

If you need further assistance, you can reach out to [email protected]

We lost a 3% interest rate but sold future maintenance and repair headaches.