I know from her speaking engagements she proposes investors use a 35% operating expense rule instead of a 50% rule as a high level gauge for deals.

In the overall scheme of things, I think it's a small price to pay.Now for a tiny operation like mine, this type of deal is feasible.

Do we need a license to operate the business?

Moreover, once you finally do close on these wholesale deals, the tax man is going to have his hand out since this is ordinary income (the normal assumptions apply).So, $100 per hour may not even be close when you include the real world operating expenses.

Make sure you are operating on the correct side of the fence.

Over the long haul, your operating expenses will likely average out to 45-50%.

May want to look into Landlord Locks as you scale up your operation...

Broker - someone who has no money, small operation in most cases, works a full time job in another field, has no money, no team, always looking for the easy way out with no real commitment, never buys from the bank.

There has to be a fundamental change in the way the auto industry operates.

Therefore, a lease-option is really just a rental with the exception being that some of your operating expense are deferred until you get the property back.I've got to go, but I'll try to expound on this later.In my opinion, this is a terrible deal and I would pass!