A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

I think the house flows really well in person (open floorplan, high ceilings, large house with spacious room sizes) and you just can’t represent that in 2-D photosI’m honestly not sure how to do a video or 3D virtual walk-through or whatever, I haven’t looked into it and have no idea how much it costs.

This will make it a lot easier to manage, will cost you less than buying on the market and typically you can get 1:1 rent returns.

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

...And what the buy-in cost is?

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

If you are raising money in a syndication raising less than $1M can be challenging due to the setup and ongoing costs to manage and run it.