people are funny.. complain about RE making 4k but will buy a rehabber house from a wholesaler who puts up no money takes no risk and walks away with 50 to 20k.. and think that is fine..

After spending some time learning about the industry, I want to start taking action in wholesaling.

@Michael Snider-Held we hear stories like this all the time in the LTR market about the national companies.These companies are setup to make money, period, with little oversight from management.So, owners need to make sure they read management contracts and UNDERSTAND what is covered and not covered. 

Prices are still high, and money is expensive to borrow.  

As a prior renter I had a proposed rent raised from $2800 to $3500 (with no upgrades/changes to the unit or building), a 25% increase, which I definitely could not afford at the time, and forced me to spend a bunch of money moving.  

(You'd want an attorney to look the docs over but you wouldn't spend as much as we did as most of the attorney work was loan-related.)Of course you will also want to have insurance in place and that is often paid as a closing cost.Somewhat of a wild card are prorations.

Hey Angela, what might save your client a ton of money and still get what they need is to reach out to an accounting firm that offers asset protection services.

I do not have much knowledge on real estate but I am the hitting  books: BRRRR by David Greene, Estimating Rehab cost by J.Scott, Investing real estate with no/low money down by Brandon Turner and finally, Rental property investing by Brandon Turner.Outside of real estate, I enjoy swimming, bike riding, watching anime, playing video games and interests in the stock/house market.Excited to learn and connect with you all!

Sure everyone wants to make money but it can feel a bit empty when not giving back into something larger then yourself.

Moral of the story investor used the calculator and beat me down and well I will not discuss how much money I'm loosing on this project.