I dont ever rely on comps other than ones straight from the MLS.

So every penny from the sale of our first primary residence plus what the lender let us barrow went straight towards the purchase of our new primary residence.

Its a completely different animal than straight fix and flip or buy and hold strategies.The guy standing up there saying, buy NPN, be the bank and re-fi with the owner is seriously oversimplifying the thing!

*If you want to skip straight to the numbers, please ignore the next paragraph*The property is recently built (2000s) two-level duplex with a total of 3,000sqft that is reportedly in good condition but I haven't had a chance to tour it yet.

And yes I think the wholesaler should be straight up honest in the beginning of the deal.So basically as an example for starters in wholesaling, starting, one can be a couch potato that has no job, little money, decides to put in some work for a while and make a first deal.

No, a 1031 is where the money comes out of the old asset, straight into the new asset, never touching the owners hands, thus, deferring the tax.

On a straight purchase with cash/borrowed funds, it is pretty darn tight for a first timer.

Like the title says, myself and 4 others are combining money to purchase a house and rehab with straight cash.

If you want to Guarantee the commission doesn't get reduced, go straight to the owner yourself.

If they don't keep the place nice or you see issues with the tenants and the renewals come up at different time I would go straight to market rent and risk the vacancy.