Spreadsheets may help get a general picture, but in the real world, experience teaches you to round up...Maybe you can talk the wholesaler down to $80,000.Plus purchase closing costs, insurance, etc. ($3,000)$60,000 in renovations and holding costsSo you'd be in it $143,000If it sells for $160,000, after real estate commissions, this deal may earn $10,000 and that's if everything goes right.So you have no margin of safety either.

I have my real estate license and have bought and sold a few homes as well.I understand my experience doesn't necessarily prepare or qualify me for spec building so I've partnered up with an experienced spec builder who is going to work with me on my first handful of deals in exchange for me teaching him what I know about multifamily and helping him acquire bigger properties.I actually live in the neighborhood I'm primarily looking to build in and have personally toured well over 100 homes in the past few years.  

It is also noteworthy that he has a very open personality and is up front, I like his style and he seems like he genuinely wants to help teach a newbie, although still... trust but verify...

There are loads of people out there who can teach you for free and give you real experience, while making money, too.

The course teaches you the "right" way to do things, and it gives you a lot of the information that is vital to you being a successful real estate investor.

This is just like the many courses that teach you how to flip.

A good broker in your market I am sure is a solid 6 figure income and a great career plus the networking is with those in the business in your Community not like networking here were what works for some investor in Atlanta or LA or Vegas is not going to work in Wauwatosa ( Were my grand parents lived right off of North Ave used to visit them in the 60's)..Give that some thought, talk with your family interview at a Keller Williams office they are great at teaching new agents..

We have guest speakers (last month was a local PM group) that DO NOT COME TO SELL...they are there to teach, and answer questions.If you're interested let me know by connecting with me.Joe VilleneuveREcapSystemA2REIC

There is more information here than any guru can teach you.

I’m looking forward to this great journey ahead of learning, teaching, and growing