Wholesaling for a Year and half now in Ocala florida still have a lot to learn.

I buy houses at 15%-20% of current fair market value.A hard money lender will put up Half only in this scenario.All of the various methods on this website REQUIRE finding a good deal except for owner occupied FHA/Conventional financing and that takes at least mediocre credit.

It was a 1997 mobile on a basement with a 1 acre lot and it was half that cost.  

While I dont know for sure that they would burn it, it is in between 2 fire jurisdictions, one being a 50/50 department (half paid and half volunteers) and the other is completely volunteer and I dont see them turning down the chance to burn a building for fun.

Super excited and nervous as this will be my first investment and as a recent grad, it currently takes me half a year to make 24k (before taxes... so really closer to 3/4 year) so I definitely dont want to make any silly mistakes.Thanks in advance BP!

I recommend it because it is the easiest way to get a foot in the door. 

@Anthony Caltabiano - if by multi-family you mean a duplex or triplex you might be able to track something half-way decent down in Crestview.  

This is a retail strip with 10 store fronts, half of which are vacant.

The ARV will be the value of the new home...and you'll probably want to compare against other similar new construction, not renovated homes, to get the most accurate resale value.If you'll be subdividing, you can look at the project in various ways, but the easiest is to probably just count the ARV as the combined ARV of both houses, and then the expenses would be the combined expenses of both houses -- including the tear-down of one house and the cost of the sub-dividing.If this is a local project and you want some specific advice, don't hesitate to reach out to me...I know Howard County pretty well and have built new construction here...

Tanya, I'm interested in this as well, right now I have a duplex which I live in and rent the other half.