This may actually be much cheaper for numerous reasons.Enduring success takes planning.

@Andrew Vogt ,You have omitted numerous very important items from your list of costs, both initial and holding.

Too many of these people flat out ignored the risks and only focused upon the rewards.

It's all about risk/reward.

Plus, the satisfaction and reward of knowing that you helped somebody.

There are numerous options that must be considered and many costly mistakes that need to be avoided.

It is just a question of which methods you prefer.The key to wholesaling is to generate as many motivated seller leads as possible.I like craigslist and bandit signs.But there are numerous other avenues also.Some are driving for dollarsGet a list from list providerWebsiteLocal REIA meetingBirddogs(mailmen,friends, co-workers,etc)These are just a few ideas.

It should be a very rewarding journey.

@Justin Glass,I never recommend loans with balloon payments for either party for numerous reasons.K.I.S.S.

Heck my first personal home was in Schererville, and I have built around 100 new construction homes in and around your area.I have a few friends around you with numerous investment properties, and your in a great area to realize great cash flow and appreciation.