@Natalie Kolodij  good honest feedback... paid mentorship in some form is the key to many's success.

If it's a motivated seller that you're looking to buy from I honestly don't think they'll care.

So, here they are businesspeople themselves, in the business of making a profit by marking things up and reselling them and they're objecting to someone else making an honest profit on something.

Honestly, I didn't come here to accomplish any agenda.

Honestly, many of them were new and the ones that were seasoned didn't seem to be able to give it to me straight when I told them I was a new wholesaler (BRAND new) and was looking for buyers.

I overestimated property taxes and made a guess on insurance to be honest.

@Brian Gibbons has done a ton of SLO's, whereas I am mostly the LO Assignment guy, but Brian and I both agree that you need to have reserves in place if you are going to be doing a sub-2 and/or SLO.Also, don't forget closing costs, and the contract has to state who's paying for what.You also want to do a title search on the house before you take it sub-2, as it screws the buyer if it has other liens on it.Also...to be honest..I wouldn't count the option fee in the "equity" category.If he doesn't purchase you haven't just added equity..you spent the $5k going on vacation as soon as you got it!

Everyone has their own risk threshold, though, so I can't say portals are wrong to offer them, as long as they are honest with the investor into knowing what they are getting into.

Write down a list of questions and talking points that outline your goals and be open and honest with the brokers during the interview phase.

There are honestly pros and cons to investing in an area you don't know.