That one side will have to go up at least 4 inches to be level with everything else and it might mean tearing out the bathroom and redoing the whole furnace and everything from what a contractor was saying.

. / $4,166.67Annual debt service “DS”Revenues:Monthly AnnuallyRental Income$935$11,220.00 (RI)Vacancy @ 8% ($74.80)($897.60)Net Rental Income $860.20$10,322.40 NRI)Operating Expenses:Property Tax- 1800 (this is being challenged currently, but no ruling at this time)Insurance- 1000 (estimate, I will get a quote on this for sure.)Maintenance- 1200 (Estimate)Utilities- 800 (Estimate)Advertising- 100 (Estimate)Total Operating Expenses (*Very Estimated*) = $4900 (TOE)Net Operating IncomeNRI-TOE= NOI$10,322.40-$4900= $5422.50 (NOI)Total Cash FlowNOI- DS= TCF$5.422.40-$4,166.67= $1,255.73Return on InvestmentTCF/ TCO= ROI$1,255.73/ $5,000= .2511 (25.11%)Cash on Cash (Considering- Down Payment, Upfront Repairs, Closing Costs)TCF/ TCO (W/repairs and closing costs)$1,255.73/ $6,500 ($5,000 DP + $0 Initial Repairs + $1,500 Closing Cost) = .1923 (19.23%)My thoughts regarding this deal: I think the asking price is a little high for the property considering it’s age, condition (off of visual inspection from the street level only), location, what limited comps I could find.

This is a key skill you will want to develop if you wanna play in the rehab market.

So alot more free-wheeling at the local bank level.

It is probably a conflict of interest on some level somewhere.I guess it's kind of a slap in the face to the bank also.

Next to my property is a 24 acre parcel with B4 zoning that a developer wants to buy, his problem is it sits on the corner of 2 State hi ways, and the DOT wont let any developer have an entrance, its just to close to the traffic light, and a long time ago DOT bought easements, and other stuff.This is where my problem starts, and where I need some advice.Sellers want to sell the 24 acres, but anyone that buys it will need my land for access.all the developers that want the corner want to give me 100K an acre for it, but dont want to give me anything for the building becuase they say there going to level it.A commercial broker listed their 24 acres, but had them reduce their asking price by 500k telling them I was going to be hard to deal with because I wouldnt take 300k for my 3 acres with my building.My property brings in 40k clear a year, but could be up to 60k if they develop next to me with something nice, plus I have room for another strip if I wanted and saw needI own it free and clear, so I dont need to sell, but I cant see taking 300K.

Don't overestimate your level at this point.

Its a good read and will essentially give you a crash course on one of the main staples of a wholesalers business which is finding buyers for properties you put under contract.In fact, the entire wholesaling forum would be of great educational value to you if you are a newbie.IMHO @ a very high level your wholesaling business should look like this...1) Market for wholesale properties.

I take pride in my career as a film editor, but there is no way I’m going to be comfortable with some random guy off the street jumping in the game with a camera and a computer taking a $199 seminar on video production thinking he can jump in at my level with my years of experience and hard work.

During development our contractor put a lot of dirt to level the lot.