Finally, in October, we had all three leased up and refinanced ($50k of initial $200k capital retained as equity).Deal #'s: $398k purchase price, 20% down conventional loan, $120k renovation costs ($33/SF), gross rents $6000 / mo2021: With my 12 month sabbatical coming to an end, I said f*** it, decided to pursue RE full time, and submitted my formal resignation.

Hello Jennie, relatively new myself but my initial experience with each is:1.

I would use $700 per unit as rent for your initial calculation - I'm assuming you aren't going in there on day 1 and raising all rents to $800? 

How come some members use their entire last name and others only an initial? 

@Ethan ErazoHiIt all depends..that could be so however your initial Purchase & Sale Agreement has a minimal investment from you in the form of a earnest money deposit USD10-USD100.That is your equitable interest in the property which you then assign to the cash buyer for a fee.That fee could have a balance that will be paid at closing to youThere are numerous articles and podcasts on wholesaling to listen to on BP...use them

Interested in house hacking initially and as well interested in house filling just don't have the capital for that now, eventually renting out properties. looking to learn how to get funding to carry out my goals!

The game is to get you to pay for some type of fictional service to initiate the loan process.

The closing date is stipulated in the P&S agreement you have with the seller, so is the earnest money(minimal) and which attorney firm will handle the closing (your attorney firm)The assignment fee is payable by the buyer to you after closing costs are accounted forYou as a wholesaler are assigning the contract to the buyer who is going to step into your shoes as Principal to the initial P& S agreement with the Seller.

I have also done deals above 80% and lost money, but the initial analysis did not have them at above 80% of course, things went wrong and as such, the % of the ARV was hurt in those cases.

The initial lease was one year and will be over Dec 3.