We've purchased and read many books to include: The book on Managing Rental Properties; The book on Property Investing; The Book on Investing in Real Estate with No/Little Money Down; Rich Dad Poor Dad... and many more.

Hello BP Friends,I'm going to post a house that I currently have under contract and include all data points that I have.

Here's a link I included to my rental analysis and assumes a purchase of $64k, ARV of $85k, LTV of 80% and includes taxes, ins., management, etc..

No answer, including mine, on a forum post on the internet, is going to help you as much as a lawyer and your agent if they are knowledgeable in the situation.

Albert Zheng if you understand Cashflow with all expenses included not the kind you tell you friends you will sell.

How much a wholesaler would like to make per deal is pretty irrelevant and a sure fire way to not sell a property.For instance, in the Las Vegas market and under current market conditions, I'm willing to pay up to 80% ARV (including repairs) on a house in an area that I like.

For example, some of my keyword alerts include "Canada", "Ontario", "Toronto", "GTA".

I would agree that if your only reasoning is to gain MLS access than its probably not worth it but as a current wholesaler I would think you could expand your business with your license and not necessarily have to get into representing buyers and seller aside from your investors, which includes the resell side commissions for your investors who could use you for the sales on the tail end of their flips projects along with purchasing the deals you find for them on the front end.

@Victoria Creighton, My understanding is that the pro-rata rule applies to ALL IRAs with pre-tax funds, including rollover IRAs.  

The other one that fell through had a judgement filed against the homeowner right after we did the quit claim with the mortgagor and were about to close and redeem the property from the person that bought it at the sheriff sale.That judgement terminated the mortgagor's (and therefore our) ability to redeem that property.The response rate on our marketing campaigns has been extremely low; south of 1%, in fact.Our campaigns include door knocking, leaving notes on doors, as well as mailing the property and new addresses of the owners (when applicable).