Renae,If your looking to wholesale in Memphis you will need to make sure your working with a bank agent or partner.

Terry, Codes violations are a pretty good niche market for wholesale deals or for junkers if you are into rehabbing and renting out in, generally speaking, lower to lower middle class neighborhoods.

For example: Say I buy a place for 70K and i put 30 in it for rehab, my ARV is worth 200k, and I take 170K out on a refi, should my NOI reflect a positive cash flow on the 170k that I refied on since I bought the place at a "wholesale" price?

I don’t mess with much on the low end, except to wholesale to another investor or end user.

This will be a wholesale deal, by the way, so the location of the closing won't matter.

I do Wholesale deals in CA too.

Sidney,You'll need to find a wholesaler that can provide a "total package" for the investor.

I am a full time wholesaler.

If I am looking to wholesale a $100K house I will build in a higher profit margin for myself to compensate for the higher risk.One more side note here is that your best customers as a wholesaler will probably NOT be investors that rehab houses to resell.

[b]If I am a middle man between a wholesaler and a end buyer is there a particular form that I need to be signed in order to not be cut out of the deal besides a typical Assignment contract?