That simple.

@Kelly AllenWhen you first start real estate investing it is confusingWhen I first started I had a teacherThis teacher was a business ownerMy job once I was trained was to talk to Home sellers about cash or terms offersI used a simple document called a letter of intent to lease or purchaseYou can't make any money wholesaling unless you get it cheap enough so that's the "cash" partThe formula is 65% times after repair value minus expenses for repairsHaving a few cash buyers already is very helpful.

Your 8k renovation budget could triple as soon as the simple floor replacement reveals mold in one of the bathrooms, etc

@Davon Ruffin-ElWholesaling is simple on the surface:1.

My lawyer told me that labor law in my state had a simple means test to identify employees vs 1099 independent contractors. 1) to you directly supervise and or give directions to the employee?

The work will be in the eastern part of Southern California.I understand the feedback is/will be a simple rough estimate, but I could use some quasi qualified rough numbers to plug into my construction budget so I can hopefully get an offer out to the seller tonight.Thanks in advance for your feedback. 

Needless to say, it isn't worth the gas to drive out to your property for that amount.My best advice is simple.

@Ben CurtinI have a simple view of where I invest.

Just take their word for anything that might be wrong with the property.To be a little less abrasive, look at it as a simple numbers game, is it worth the $400 to have someone who is working as an agent for you to inspect a $100K Home?

Try this example: You go to Zales and buy a simple engagement ring for $2000, take it home.