Or you can do what every other wholesaler does these days- sign a contract with the seller close to retail, say it needs 10-20k regardless of repair costs, make up an arv, and email it to a list of disappointed investors. 

Telling sellers you can close next day will just end up with you disappointing a lot of sellers.If you’re trying to wholesale, you will need time to find a buyer, and for them to line up their funds.

You get all excited and then your excitement turns to disappointment when you realize that there is no price on these types of properties.

It’s doable, but likely has to move extremely quick and basically seamless.

If so, I would feel extremely comfortable with the purchase, especially if it can cash flow for you in the meantime.Good luck and keep us posted!

One reason banks most likely will not loan you since you don’t have consistent W-2 income also, the markets are insane right now and it is harder to find deals and it’s extremely competitive.

We have had clients bring new cash into our market and do extremely well early on.

I thought this was another one of Jim K's specials, but Nathan did not disappoint.

Bottom line: it's an old piece of crap and the "damage" pictured is extremely common and should be considered "ordinary wear-and-tear."

Decent homes are selling extremely quickly today, and many are selling for more than the asking price.