@Tonya Keels, the answer is generally both.

@Vernon Huffman, the answer to these scenarios is that it always depends on many other factors/variables.

I'm happy to share more tailored information with you about the area.It's funny, I have a cousin that lives in Lancaster that's been talking about moving back east.I'm happy to answer any questions you have!

You asks a lot of questions some answers of which were provided in the discussion thread.

I read an article recently that said 75% of LOs had not originated a non-qm loan 🤯 So make sure you are working with one that is familiar with real estate investing. 

The answer to your cost problem, can be found in the application of the above list. 

Nor do I presently have the capital to buy and contract out the work.Just because I do not answer the phone immediately or get back to you right away does not mean I am not interested (though that may be the case for many others), it just means that I cannot talk right then.

Originally posted by @Chai Jonn:@Devang PatelI an in the same boat!

To answer your question directly, the biggest risk, and one that 99% of new wholesalers suffer from, is wasting your time learning the intricacies of wholesaling when it really doesn't matter.

Currently in the process to refi and cash out roughly $200K, ON TOP OF the original $280 I put down.