The SF is a beautiful craftsman and is in turn-key condition with clean tenants.

Here are the numbers:Sale price (also appraisal value) - $240kFirst/second mortgage - $80k+$30k - $110kHOA - $10kRehab $30k (found some electrical and used some higher end materials from original plan)Carry costs - $5,300 (insurance+mortgage payments)Agent Fees/Legal - $13,500Total deal - $240k (sale price) - $170k (costs) = $70k net profit (before tax)The beauty of subject-to was outside of an attorney consult there was no fees to assume the mortgage which meant no closing, no loan.  

If you are holding it as a rental I would consider back filling 6" of soil around the beautiful foundation walls you built to make the porch under 30" (code compliant) and then add the railings at a later date if you want to sell or improve the look further, or when the finances permit it.Best of luck!

They want you to have some skin in the game otherwise what's to stop you from walking away and leaving them holding the bag?

I have two properties for sale in west philadelphia.55XX elliott st - rent ready - asking $53,00054XX Spruce St - Fully renovated beautiful home.

That is the beauty of being a real estate investor.  

I know that discussions about wholesaling can be a mixed bag, but purely out of curiosity I'm wondering two things 1) how many of you have been involved in wholesaling full time for over 5 years?

Full Disclosure is a beautiful thing.  

Brown bag your lunch and brew your own coffee.  

Now, I've discovered the beautiful art of Wholesaling.