Many times they have the resources, forms and knowledge of the area and can assist with getting that new lease in place, as well as, obtaining contacts for repairs and also how to slowly increase rents back up to market.

The more experience you obtain in RE..the more you realize you dont know. 

Regardless, as @Chris Boyd said, a wholesaler is selling a contract they obtained.

Hi, I'm new to the community and seeking as much information as I can obtain about creating wealth through buy and hold properties.

I would like to increase the number of flips to 10 a year, and obtain a good passive income from rentals.  

We have obtained contracts from other BP members who wholesale in SoCal and have a few title companies to use (we both are real estate agents as well).Our KPIs are as follows:- Mailers sent each month- Conversion rate from mailer to call- Conversion rate from call to appointment- Conversion rate from appointment to deal- Addresses obtained from driving for dollarsThe main focus will NOT be on getting deals done, but reaching out to more people.  

With option #2, you'll be adding two units and you obtain title to an additional piece of property.  

Using 28% toward a mortgage, although a lender will go up to 45%, that $2,500 a month makes a $400k mortgage obtainable. 

With this in mind, what success have you had in obtaining 1-3 years of operating statements BEFORE moving forward with placing a property under contract?  

In addition to the basic restoration criteria outlined above, a veteran may obtain restoration of the entitlement used on a prior VA loan under any of the following circumstances: the prior VA loan has been paid in full and the veteran has made application for a refinance loan to be secured by the same property which secured the prior VA loan.