@Caleb Heimsoth @Dustin Heiner   Holy smokes!  

I use that example since I just PAID a $750K wholesale fee last year to an investor who put in the reps, and had a smoking self storage deal under agreement for a steal... and I was HAPPY to wire them the funds.

He's blowing smoke about selling the property, shrug it off and let him vent.

Anyone telling you they flip 120 houses a year in the IE is taking a big bong hit, then telling you to bend over so they can blow a lot of smoke up your.... 

Even if you don't get a smoking deal at the start, there will be an opportunity to pull equity out a few years later.

He was smoking crack...

I have meet more smoke blowing investors than wholesalers by far. i think people try way to hard to get that BP "debate starter badge" 

HOWEVER  ...... when I  sent a contractor over for a few minor violations (smoke detectors), electrical lights out..... 

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

The two neighbors that we've met have both complained about them, saying they smoke marijuana in the garage and are generally "rowdy" (kids throwing rocks at cars, garage seems to be some sort of default "hangout") in an otherwise nice family neighborhood.