I'm not sure what ARV stands for....He will pay us the cost of fixing up the property which was quoted to him by my Contractor at 35k, making a 15k profit for me and the other 20k will go to construction costs and subs. 44k to me as the Private Investor, roughly 15k Broker fees and the like.I believe, although I may have misconstrued my initial understanding, that he will buy back at 85 percent of Market Value when the year is up.The 89k is the money he is left after paying us our fees, where I believe I got confused, as my Mentor told me we would be "cutting" him a check for that amount.This leaves me wondering why with so much equity he could not access it and why he went into default.

ever purchase sight unseen for this price and the following information:1- $15K is negotiable2- 2 bed / 1 bath3- needs about $6K work to use as rental4- area not a war zone, maybe just an area above5- lots of new construction in area6- can be rented for $500 per month7- not sure about taxes8- near hospital and a college9- realtor adv comp about $45 - 50KWould this be a good wholesale or hold for rental income?

Lisa (I think that's right),I think you're talking about deals where you buy a newly constructed or redeveloped unit and then the developer pays you a fixed amount for some time.

I have worked most of my life in residential construction.

My partner and I have come across a new development that has had to halt construction due to low sales numbers.

I'm interested in figuring out how to pre-sell a building to be constructed on my property, which he doesn't seem to know much about.

My sister-in-law told me that there are lots of properties for sale and a few large developments that look like they've halted construction (she does not know why).

I am lucky enough to have a father that was the number 1 home inspector in the bay are the past few years (2 time in the US) so he is quite familiar with the RE business.

The second house would be ~ 1500K, new construction with a garage.I had a builder give a ballpark of 200K to build.

Property inspectors/handymen & builders for viewings/costs.Various websites for comps. some contracts can be taken care of using fax for the ones that you can't fax you can use DHL/UPS.If it can be done from another country I'm pretty sure you can do it from another state.