We recently purchased a four-plex which needed a light rehab.

My contracting company will continue on but I am going to start focusing my energy on rehabs.  

Depending on the amount at issue, it may not be worth your time and energy.  

My Burnaby condo (at Boundary & Kingsway) rents for $1950 and was assessed at $485K for 2015 and I had to recently adjust the mortgage payment on it to make it cashflow ever so lightly.  

I have taken business management classes as well as mold remediation classes and energy star rater training.

@Jason Krick@Jamie WooleyI joint venture with the seller on the light rehab, like a new kitchen but everything else is fineExample $200,000 ARV, , free and clear house , needs $20,000 for new kitchen and $20,000 to resell with commissions and closing costsIf you did a wholesale offer with the house, you'd be 70% of ARV minus rehab costs or $120,000JV works like this: you add up the rehab cost plus the resale calls plus a JV fee of like $10,000 in this example adds up to $50,000Net to seller on JV is $150,000Net to seller on wholesaling deal is $120,000Warning: must have a cooperative seller, must be able to get a JV agreement that allows you to buy on seller financing, giving a note for Equity and no payments for four months.

Now I have seen the light and I have banked a nest egg to get into the multi-family dwelling side of things.

My husband has many many teams of door knockers selling Energy in multiple states, so I know it works and I know it can be done with tremendous success.What I do not know is, what would be the best compensation.  

If you want to know about real estate ask Curt, but if you want to know about catching lighting bugs I'm your man😎

Mainly because I want to focus my energy and resources on wholesaling.