I could certainly benefit from learning more about buying foreclosures, but don’t have much time to fix anything up (other than a weekend project here or there) so I’m not able to buy anything sight unseen.

My thinking is, if I buy the $250k note for let’s say $200k, I essentially get an additional $50k discount when on the purchase of the house.

Nobody can argue the legality closing on the house yourself and reselling, but that take a lot of benefits of wholesaling right off the top.

What were the benefits and drawbacks of being a student of his for the Note Business? 

With a side of balloon and the added benefit of reporting your financials to them every year? 

Essentially this is a lease option structured slightly different.

Originally posted by @Carlos Zapata:@Shiloh Lundahl , my JOb is been a Realtor and a Wholesaler,  I know, it is in the same industry but I love making active income and invest for long-term passive  income,  first, I got some SFH, rented on section 8,  but now selling them and with a goal of acquiring my first Mobiel home park.Been an agent is really great because I do not sell houses, I sell homes, all my clients and now my friends, some of them are already  interesting on investing on RE as passive investors I think for the reasons above those that aschew being a realtor and think being a wholesaler is the way to go really miss out on the actual long term benefits of being a broker.. 

It would benefit the community in the long run.

Feel free to reach out if you need more information, but Jeff F is essentially correct.

Appraisal work definitely comes with the benefit of being very educated on real estate, financial statements, etc. but often in my experience leads to knowing too much, being too conservative, and holding yourself back.