I cannot speak about specifics in the Seattle market, but $165k doesn't sound like a lot to work with in that market, unless you are going to venture out into the tertiary markets well outside of the Seattle Metro area.We used our HELOC, $175K, to fund the purchases of BRRRR properties out of state.

Another book that is right up there with Brian's is Investing in Real Estate Private Equity: An Insider's Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding.

Wholesaling isn't a passive real estate venture, it's more full time.

:-\Good luck in your new venture!

@Randall AlanWe joint venture on fix and flips as well as buy and hold.

I've been learning getting ready for the real estate venture I am going to start with my brother, and my stepfather using the BRRRR method, but before I get to that, here is my current dilemma. 

I've never seen a DCF analysis on a real estate venture, but I suppose the answer depends totally on your perspective, even within the same investment.If I am a young person with not many investment options, my discount rate might be what I can easily get in traditional investments with a risk-adjustment, say something like 5%If I am an accredited investor with access to numerous private deals, I might look at the average of those deals and call that my discount rate, and that might be something like 15%.

I would not call myself a wholesaler but I am interested in venturing into it.

@Dan D.I would strongly recommend finding a solid developer to partner with via joint venture.

Has anybody done such ventures and if so I would love to hear about it and what you did!!