I don't agree with most "wholesalers" because the few I have encountered are acting in bad faith, illegally brokering without a license, get properties under contract using deceit, and often victimize the homeowner.

Don't want to put ALL my faith into my Excel spreadsheet for the return estimates without running it by a few people.  

To help improve consumer clarity and promote industry compliance with TILA and RESPA initial and final disclosures, the Good Faith Estimate (GFE) and initial Truth-in-Lending Disclosure will be replaced by the three-page Loan Estimate.

I rolling into town one week spent 3 days.. funded 4 flips and bought 3 building lots and starting building new construction.. fast forward and we are closing one on 3 1/2 woodall today for 440k .It was a leap of faith for sure..

I have two banks (both local) that have given me a good faith estimate.  

The final numbers have to be delivered to the borrower 7 days prior to funding, not 3-5.The Initial disclosures used now (good Faith Estimate and Till) are also being replaced by a combined document that is called a Loan Estimate Forms Set, and have to be delivered to the borrower in the same 72 hours from application being taken time frame. 

Hi Michael,Congrats on taking the leap of faith and trying to get your feet wet in the metro Detroit market!

That's what they put on a good faith estimate I got, but I'll double check that in case that sounds low.

This may not apply to what you want to do and the market has definitely went up But have faith, keep searching.  

The changes will merge the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure.Expect delays with closings going forward!