Our payment to the seller is right at 50% of the NET monthly cash flow (after the 50% rule).GROSS RENTS = $4700, Less 50% rule = $2,350 NOI (Monthly)Private Lender 1st = $750 interest only - could roll to a P & I refinance down the road.Seller carry 2nd = $1150 (@1.95% interest) rapid principal paydown.Net Monthly Cash flow = $450 - or $5400 annually after all debt service and expenses.Maybe my numbers will vary a bit from this once we get into it, but our projections are fairly conservative, and we plan to renovate and hold this property for at least 9 years, then worst case scenario we will owe the $90k first and $56k 2nd, and if there's no appreciation the building would still be worth at least $250k.

I would suggest that you review the pod casts that are available and this will bring you up the learning curve rapidly.

Set them all up on the same day at 30 min increments?

Hi everyone,Just getting started in wholesaling real estate in Grand Rapids, MI.

Brian what you have to think about is trending costs that will crush your cash flow today and in the future.By doing some research you could discover that property taxes, water and sewer, and property insurance has been rising at a rapid clip the last 3 to 5 years for that area.

If you can not find enough matches, then you go out to 4 months, or perhaps 3/4 of a mile, paying close attention to situations where crossing over freeways or main streets can rapidly change values.Several women have been quoted as to saying "size matters".

As properties are flipped keep some of the proceeds to cover the shortfall in cash you experience by funding each incremental buy-and-hold purchase.

But the growth in demand is only starting its rapid climb upward.

Also, I realize the system is different in every area which is why I posted this in a Grand Rapids specific forum - Do you have any actual local experience to add?

Huntsville is definitely rapidly growing.