I would love to help you If you run into questions about wholesale properties.Have a great day!

Greg,Run your numbers... is it better to take the OF and refi, or take the equity out.

Running into a lot of sellers that will not say anything about the property, or how they acquired it, completely ridding themselves of any liability. i get it, it's smart, most of them are probably buying sight unseen or whatever the case may be. is there a way to get a sellers disclosure form from them?

It is pretty run down, and I estimate 100,000 or so in rehab costs.

We bought it at a 7+ cap so sale price was essentially price adjusted for the assumption.I would run two scenarios get the actually yield maintenance $ amount and add it to the purchase price and see what your model looks like after placing new debt and what your model looks like if the lender will give you a supplemental.What's your exit strategy and timeline?

Or would you they look at all the expenses and run for the hills and sell?

I believe the moderators/creators of these sites make money off of folks running adds. 

And I haven't run all the numbers yet, but I think renting in SB will save me more money in the long run than buying property. 

you simply can't predict whats going to happen in the rental business. and anyone who thinks running or landlording is hands 0ff and passive I can flat tell you ..

@Celena LathropThat train of thought still runs inside me but I believe I need to keep on increasing my credit score, pay off as much debt as I can before I am able to make that type of purchase right?