@Marissa Chambers depends on where it is, what type of restaurant ie. free standing, inline, full service, fat casual, fast food, vacant or occupied, if vacant how long has it been sitting.Lots of variables

Fat chance of this getting through court.

@Josiah Sia Welcome to BP...I literally felt myself looking in the mirror reading your post .IT mgr, SA area, looking to pursue REI to fast track financial freedom...all of it.I’ve been around BP for a little over a month and consuming content like the fat kid at the buffet.

Wholesaling requires a great buyers list, fantastic deals that have enough fat in them to make money on the wholesale and have enough for the investor.  

Of course, it depends on what your goals are, but generally people fall into one of two categories:growth modeefficiency mode (trim the fat, 80/20 rule, etc)If you are in growth mode, you'd probably get about a $176k loan (80% LTV) and have $55k to play with. 

But that was me, YMMV if you have a fat w2.

Lets see, whisper tons of BS in your earConvince you the market is scarceTell you an appraisal before making an offer is sillyArgue with the bank when the bank appraisal tells you you're paying to muchCollect a fat 2.4% or more (which is a super big payday on a $30k house - lol)Buy all the best deals themselvesWhy do I feel I'm probably not making friends in this thread???

Too fat and happy I guess. 

You can jack up your net income and then have a bigger tax bill come tax time.Or you can minimize your net income and have a big fat tax refund come tax time.Valid point about effectively option B being an "interest free loan" to the gov't, but other than that you're not going to make or lose any money either way.

He came prepared with a fat money pouch of cashiers checks.