Hope to follow in your successful footsteps.

It's been quite a while since I've last posted!  To skip to the punchline, I haven't landed a deal yet, but not for lack of effort.I've offered on three different sets of properties, and all have fallen through for on...

I would network, attend REIAs, and read as much information as possible.If you start wholesaling make sure you’re an excellent marketer, and always follow through with what you’re saying. 90% of wholesalers aren’t truthful or good at what they do.

I keep seeing all of these success stories on BP, YouTube, and other REI groups that I follow.

I’d recommend that you sell this and use the proceeds toward a property that you buy strictly as an investment where the numbers work or as a down payment on a house hack.

It looks like this:ARV x 70% = All-in Costs Target - Rehab Costs - Holding Costs - Closing Costs =Maximum Allowable Offer or Purchase price If you can follow this formula you should always be able to get all or most of your cash back.Now to make sure you have positive cash flow you still need to be as close to the 1% rule as possible.  

Just followed the page on Facebook.

The terms of the loan are as follow: 5 year amortized payments at the rate Prime+1%.

I get the math, but remember this is trapped equity that can't be pulled out because the LTV is ~75% currently (following cash out refis mid last year). 

This is strict.