Busy, busy busy...

Someone could give a point of view for a real exercise of wholesale ..There is a property that is not for sale but this deteriorated in an area where rehaber would find an opportunity.The property is in an area, which is also a thriving market for such business ..The property was spoken and agreed on a price before the inspection ...The investor and final buyer is at hand ...The day of the inspection costs will be determinedrepair and be given a final offer, putting theproperty under contract.the roll here would be ..controlling the property and then assign this to an end buyer.

At this point everything is on auto pilot and someone could buy the property from me and just collect the rents.So, as an example that I'm making up for simple math: If the property is worth $700,000 and it's been consistently bringing in $50,000/yr in net revenue, could I sell the property as a business for more than the property is worth (eg $850,000)?

So, in this way I manage the portfolio has a business instead of managing each property as its own separate business.

I use this system and even my bookkeeper uses it for her business. https://a.co/d/1tnzkhy

Is it a vacation home that you also rent out, or is it a business that you stayed in for 14nights or fewer last year?

However on a Title SearchI did in 2020 it shows the lien in 2nd position to CIT Small Business Lending. 

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.

Ernest,Besides all the real estate/property/transactional tips above; you need to understand that running a short term rental is running a business. 

Has anyone done business with CLick invest?