Honestly, though I think trying to extract $20K out of a $112K wholesale deal is being greedy.

Just go to the Homepath.com website (shows Fannie Mae REOs, which are always the most numerous REOs) and do a data extract on your county or target area.

I like real estate for the opportunity that it provides.Some of my investor buyers for my listings have multiple stock accounts they pull from to purchase real estate.Personally I like real estate because it is a tangible asset.I don't like the idea of paper to be worth 100 one day and 10 cents the next.At least with a property barring and act of God or some other strange occurrance I will have a tangible asset to sell.I know some will say but if you bought at the height of the market you would be upside down on that tangible asset.I didn't buy anything back then.I saw many people laughing and making money refinancing and to be honest I did feel like maybe I was missing out.I waited on now I am so glad that I did because many of those same people laughing with joy are crying in pain.Stocks just like real estate is something that if you just dabble in it you can lose everything.The sexy part of stocks just like real estate is to make money quick but many more lose than win.The losers aren't talked about much but the few winners are pumped up to sell marketing and courses to extract money from the herds.For my honeymoon years ago we went to Tennessee.While there my wife had an adverse reaction I think to the make up used at the wedding (she has sensitive skin).So we went to a local doc.This guy was really nice but old in his late 80's.We started chatting up and he said it was just a reaction to something and gave her a shot.I talked about real estate.That's when he said him and his wife had put all of their retirement in Enron stock and had it for awhile then BOOM the bottom fell out and they lost everything.He had to come out of retirement and open a practice again in his late 80's to make ends meet.That scared the hell out of me and made me stay away from stocks.I might eventually buy a small amount for a long term hold but I am not into risk with stock market.I have seen too many people see big dollar signs with their eyes and lose their shirts.

@Dana Nicholson - Yes, you need a plan.If I told you...Eggs, oil, water, flour, butter, vanilla extract, pan, bowl, spoon.Can you make a cake for me?

Brandon and Josh do a great job at extracting useful information from the guest.

There is a sweet spot in Sacramento for B-class multifamily for STR/MTR, and some LTR, where the numbers can make a lot of sense from a Cash-on-Cash standpoint, while also enjoying equity appreciation and meaningful tax benefits.

First, I'm offended that OP would confuse me with @Andrew Syrios. ok here is the deal, I have PERFECTED this process and while it is tricky, it's possible to extract 100% of your funds from a deal with no seasoning (minus transaction costs). the key here is 3 things: 1. your ALL-IN cost needs to be 75% of the ARV, because you're going to get a loan for 75% LTV. if you have more than that in the deal, there is no chance.

All of my units except two (one has loan with such good terms I chose not to refinance it the other has not appreciated enough as it was purchased only 2 years ago) has had initial investment extracted via refinance.  

Your questions are way to vague to get any meaningful answers.

We don't have any meaningful liquid cash or home equity we could use to fund a flip, but my wife does have a beneficiary IRA with something around $65,000 in it.