Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Town & Country can be purchased at a 9.50% cap rate on in-place financials, adjusted for taxes and replacement reserves above the line and an 11.55% cap rate based on pro forma NOI.

I'm in a similar boat with Britney and I'm very curious about getting in on Wholesaling.I got a few questions as you seem like a pretty invested and  knowledgeable person on the topic, and I'd like to take some tips form a professional.Do you do mentoring by chance?

It's hard to believe that this is a typical eviction - even for MA!

The only value in this type of list is that you can now drive to each location, get teh contact info of the person managing the property (via the paperwork pasted in the window) and contact the broker.This gives you potential leads to REO list brokers who you can form a new relationship with.

If you make various assumptions in a pro forma the project's sponsor has to make enough at the end of the day to risk their time, capital, reputation, etc. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Sponsors get paid whether they increase value or not, and it's easy to create pro-formas that make a deal look good on paper.One of the problems with this space is it's hard to diversify properly, deal minimums being what they are.

As an wholesaler, when is it smart to decide to form a LLC?

These will be partial to investing in real estate so keep that in mind but these will help you form a strategy.