Here's the number one problem with the wholesaling business; it attracts complete newbs with ZERO experience and ZERO money because they think it is the best strategy to avoid any risk.

Piercing the veil of an entity is far easier than the asset protection gurus would have you believe.The alternative is to go all in and get a really great asset attorney to setup the most complex protection strategy your checkbook can carry.My estate planning attorney is fond of saying, "Everyone needs as much asset protection their paranoia and wallet can support."

Rather, I will manifest a demeanor that attracts people to my REI business."

@Scott Swink Your probably right on all aspects, I believe I need to reaproach things a little differently, break down and get the credit card, believe it or not I actually do have one in my wallet for over a yr and have never activated it it does not expire for quite sometime guess ill call them up and see if its able to still able to be activated.

This property is not in Vegas, but i am VERY familiar with the "2 weeks free rent" and other ads to attract a tenant.

Grounds/exterior excellent, needs 15k in cosmetic rehab only, avail 1 Feb.Question: I can run the numbers, but does this sound attractive to a wholesaler?

To me I would think there could be extreme value in a property, that due to its current engineering allows for less than the 2% rule, but with careful and thoughtful reengineering (adding a half bath, closing off a big room to make 2 rooms instead…etc,) you could accomplish that the 2% rule with the added boost in rental income that not everybody would be able to vision.That being said let me pose the question that I hope will initiate some discussion.Has there been a time where you bought a less than attractive investment property and were able to change the dynamics of the floor plan with regards to beds/baths in a way that allowed for a substantial increase in rents?

For all of our clients a "normal" investment is a great property in a good market that generates an attractive rate of return."

It's a B/B- prop in a C but improving area that is starting to attract some hipster/artist types.I just rented a nice 1:1 on the same block that was markedly smaller but charming, with a good floor plan, for $495 - which was basically .90/sf plus $50/mo utilities.If I put that same model on the new duplex, which is clean plain jane vs charming, I get a crazy number... $900, which is more than a 3/2 in this area.

The reason many methods sound so attractive is that they presume unrealistic situations, they offer what someone wants to hear and often ignores basic points of law, arm's length transactions, imputed interest rates, usury, rights of redemption and the list goes on.