The reason being a General Contractor will of course charge anywhere from 15-20% of the building costs. 

No banks and no credit needed How did you finance this deal?

Line of Credit on a Business Credit Card - This was just recently introduced to me.

Too many gurus out there saying wholesaling is a quick and easy way to make money fast, only to sell their courses on wholesaling.It's a grind.

Of course the less leverage you use, that cash flow increases, then your liquidity is much lower as well.

A little trick that we used when we wrote offers was the following verbiage on the financing:"Cash or existing credit line"It's not a lie and it sounds pretty much the same as cash. 

HI BP,I've been thinking about what to ask from tenants in case of issues...besides a copy of their gov't ID (Drivers or passport), credit report stating full name, address and birthday, what else do you all typically ask for? 

Wesley,Seller credits or seller contribution to closing costs is usually common when the buyer is coming is closer to full ask.

If you are going to be financing the remainder, then that payment will be included in your DTI.I always tell my clients this: you need to qualify based on 1) income 2) assets and 3) credit.

We relisted the property and secured a buyer willing to put $2500 down and pay $25,500 over the course of 5 years at 7.2% interest.