Second, since the downpayment is so small, you are going to have a tough time selling the entire first mortgage.

So, I'm usually a little hesitant about posting my opinions about stuff because there is so much for me still to learn compared to the experienced folks here.Well, I can't help it this time.

It was dark, Joeinoh. utilties should be on, to stage your property (its a cost, the mind is so please to view mechanical things at work),lights are very important and etc.,.

There is so much information out there that I don't know which ones are reliable and trustworthy.

That is why this vein of thinking is so silly.

Would the 1st have an incentive to accept less than the $162k since there is so much equity?

The problem with wholesaling is that the barrier of entry is so low, you can just wake up and say, hey I want to be a wholesale investor.

The world of real estate investing is so large there are many subsets within it.

I have a cabin at the lake that has that million dollar view and it's water front as well and I always say I'll take the million for it. but not likely, what someone is willing to pay for similar views and location is difficult to prove in the market since each property is so unique.

I used to count it when I was less experienced as an investor (not saying it is wrong...just that I changed) because it made my numbers look better.What I later found is that the tax system IS SO FREAKING COMPLICATED (forgive the outrage ;-)) that I couldn't model the thing very well.