This is why I am not able to wholesale a deal.I would argue that is not why u can't wholesale a deal.

You can argue that there was a housing shortage anyway, so this will nicely alleviate it.  

So I'm not going to waste my time arguing with you anymore.  

Most people aren't going to get their mortgages through a hard money lender (who one could argue guage people and rips them off) just like most people won't sign a contract with a wholesaler because they could get more money on the open market.  

(Funny, I never have them argue that Zillow is lower than my CMA...)

In other words, I'm not arguing with you.

It takes 8 1/2 years of  $O spending to save $1mm at 10k/month assuming you can achieve similar returns in each case. year 1 investing $1mm at 6% = $1060,000 vs $125,000, Year5: $1,349,000  vs $697,000Year12: $2,050,000 vs $2,100,000Year15: $2,450,000 vs $2,900,000Year20: $3,310,000 vs $4,600,000 I'll argue, you can achieve better returns with $1mm cash on hand than you can with $10k/month (i.e.

I don't see how anyone can argue that point.

The point he was making is that the return on notes is better than the return on rentals, if we're just starting (without all the headaches) He's talking 12% immediately and it's hard to argue with that, considering how much time we've put into getting the foundation right.

Although you may be worried about getting a renter, I'd argue that most people will stop looking for houses to BUY and then default to RENTING so the demand may increase there.