I think that will be a more profitable strategy than paying the taxes on this money, using as a down payment, then taking it back with a HELOC.

On a more serious note, I feel that if a person can make it through Mike's abrasive "tough guy" persona, he has some fantastic information to share.

If you live in a more modest area, i.e. not the coasts or Vegas, etc. where there was not a huge run up to begin with (my area for instance), then your risks are definitely less.

If you are just starting off, consider a more affordable priced property that's in good shape and doesn't require any rehab.

We are eye-witnesses to the destruction of our great nation, brought about not by enemies from outside our borders, but from political amorality within.

If its something like coding that you could do in the evening, then you can spend some of the daytime hours working on buying real estate.From your description, if you're living in some high-priced area, you might want to think about moving to a more attractive investment area.Hoard your cash carefully.

Working toward improving your skillset to be a more valuable employee would help, too.

So now that I have a more in depth understanding of how a wholesale deal works, I now want to know how to make the deal more attractive to the end buyer.

I was wondering if a more professional looking ad would help.

Even that's too high when you do a more detailed calculation