Don’t think that because you are only on your first or 2nd rehab you wont get a discount on a package at the pro desk.

If you're reselling the property to someone who is getting financing, and the property is in a high-risk flood zone, they'll need insurance, and therefore they'll need the flood cert.Also- for everyone - Flood Insuracne is a ripoff- Tell that to the hundreds of previous owners of houses that I look at every day here in Cobb County, where thousands of houses were destroyed two years ago by flooding.

I wont be messaging anyone else.

I don't mean to burst your bubble but $60,000 wont get you very far in CA without Private or Hard Money and the right game plan.

Great information by FinanceExaminer.I'm a new wholesaler myself and was taught a very important motto I use in my sales career to this day (outside of real estate)SWSWSWSWSome Will, Some Wont, So What, Someones Waiting.I love this line, I feel if ones not that motivated to sell to you, and you've given them a good reason, there are others who will.

I want to offer $100k, but from talking to the listing agent, the bank wont even look at that offer.

Also if you are going to deal primarily with private sellers, you wont have to search high and low for a title company willing to close your assignment of contract like you would if you are asking them to double close.With REO's your contracts will be non assignable.

Now you said the seller wont take less than 60K so how's this deal going to work for you?

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Even then you will have closing costs and other fees and expenses that your 50$ wont cover.