Then I will look at the actual property and evaluate repairs and factor that in from base price point.

I actually go out late on Friday night when there is less traffic and sometimes even pick them up early Monday morning.

Another tip is that HUD will give you 48 hours to accept the bid or not, I like putting my bids in on Wednesday night so Thursday morning the offer will be accepted and I'll have till Monday to get it under contract, use the weekend to show the cash buyer the property.

It's the other factors that make the difference.

If the property cash flows, which might be the case in a college town, think student housing, then the deal could be a good one provided the numbers work and you factor in more repairs for college tenants.otoh, wholesaling in an area with few to no sales may be a difficult row to hoe.

And you need to factor in the costs of setting up the LLC, the costs of another tax return/accounting, and the ongoing costs to maintain the LLC.

And that success would have to be measured by well, measurable factors like # of deals completed, amount of income attained, time to complete deals, did the student achieve their personal goals of 'quitting their job in 19 weeks' or replacing their income.

There are SO many factors to consider.

Factored in light plumbing, new kitchen, upstairs bathroom, light sheetrock/spackle/paint, siding, all new flooring, and all the other miscellaneous like fans, lights, doors, etc.I have been blessed to be in a family of carpenters (dad, uncles, brother, grandfather) and a family of realtors (mom, stepdad) so things work out quite nicely.

So 280K I think is a fairly conservative analysis taking all factors into consideration (potential basement sq. ft., highway) As far as the basement sq. ft. my GC and I surveyed the property and the 2100 sq. ft. does not seem to include the basement, if it does it is only a small portion (where the fireplace is).