also Eric, you're going by general numbers, you'd have to be here to really understand how it is..also there's no way 1 person does 220 deals a month and have a life..hell, most deals take close to 30 days to close..i know i'm sounding like a contrarian but wholesaling is not what the gurus claim it is..which was the basis of the topic in the first place..and once again, i don't think wholesaling is a myth..just a bit of my weird humor on display..

The so called mitigators which they claim were in these departments work for them on a commission basis

To name a few… Things like; DMV records, credit report records, post office records, drivers license records, address used on tax returns, W-2’s, 1099’s, unemployment claims, hunting and fishing licenses, credit card statements, bank statements, insurance of all sorts; home owners, health, life etc., what your friends, family, neighbors, and employer would tell someone asking about where you live.

The title insurance companies are under heavy scrutiny due to the amount of claims being filed.

RE clubs attract BS artists who make outrageous claims of their success and status (to sell you their "educational" products).

[Edit] Forgot to add this little most commonly unknown fact about LLC's and Corps...Think you might have to go to small claims court or municipal court to get a judgement against a tenant or file an eviction?

I can help review those with you if you make the list…Again, think like a regular buyer….

To answer the question from phcapital, yes, you do get tax benefits of depreciation with a TIC as well as regular income distributions from rents.As stated earlier, they are ideal for someone who wants to have ownership of larger scale retail centers or office buildings they otherwise would not have access to with the amount of capital you have to invest.The only tricky part about them is the exit, which was also stated earlier.

The false seller sold it to someone, and that someone thinks they own it, and will fight you on this matter.Depending on how long ago that happened, they might even have some claim.

Also, the buyer wants to work w/me on a regular basis as well!