Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

And are there any big red flags that make you walk away from a deal right away?

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

Way simpler and more protective for everyone for about $30/month.Out of curiosity, will you be at red stick REI in January?

Ask me any questions you may have about The Red.

Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.

Spent a minute on their website and this in particular stood out to me as a red flag.

Great question Todd, first red flag is asking for full payment upfront.

Up front fees (outside of appraisal fees) are typically a red flag when dealing with a HML.

Are there any unique considerations or red flags you look for compared to the traditional rental process?