I see this group selling packages of homes all the time.

Now, after dealing with the mail away, which is no fun, by the way,  I'm hearing from the broker that in the future we will work with a lender who allows POA.Long story short, I just sent off via FedEx a package 105 pages long after having several of those pages notarized. 

I like Jason Hartman but there is no guarantee you are getting the whole package (good rehabber + good property management).  

If your relative does not want in that position of an investor - just sign a mortgage with him for the amount you need - if he is a relative - I'd say do not record the mortgage (save on transfer cost) - he always has the option to record that mortgage in the event you go belly up.You should package you deal - make it very clear - what the potential equity profit is going to be - andHow you are going to liquidate (sell) the property for.

I stopped then within a year I packaged them up and sold them to guess who  A HEDGE FUND  lol... wrapped a nice bow around it they were all or nearly all rented and off they went.. took profit and moved on to other markets.

First, to address the cost concerns. 1 package of roxul is about $45.00 and that covers about 50 or 60 sq ft.

However:I NEVER SEND COMPS, REHAB ESTIMATES, OR ARV'S TO MY BUYERSI don't send a well designed marketing package with all of the pertinent info.  

I want to be able to track expenses by each address but QuickBooks won’t let you do that without upgrading to nearly the top package.

There are multiple options available for screening packages; tenant involvement/no tenant involvement, instant reports, hand-compiled reports, and even income verification.You can find further information by going to Tenant Screening under the Tools tab.Best of luck to you!

Wholesaler,fee taker,etc. whatever you call it if I am the listing broker for my client and you come with the little to no skin in the game you won't be locking up any of my client's properties.If the client demands it then fine but most of my clients are somewhat sophisticated.What I don't like is that in a wholesale transaction the seller doesn't know the STRENGTH or CAPABILITY of the end buyer with these wholesalers trying to lock something up and then leave unscathed if it falls apart.This reminds me years ago when I did residential short sales.I would get calls from sellers who was contacted by one of these wholesalers or a regular investor.They would take all the sellers financial docs and say they submitted to the bank for approval.I found out papers were never submitted or the package was incomplete.The investors never returned papers to the sellers and the buyers were gone "like a fart in the wind".I had to come in and do damage control to fix things.Another classic is the investor gets the seller to sign a quit claim deed and then disappears and now the seller can't sell if they wanted to.We had a saying when we first got licensed as an agent.The head broker said "you learned just enough to pass the test".Now comes the hard part of learning your skill with a proper mentor so you don't "practice on the public".Then he said "you know just enough to be dangerous"So I feel just like new agents some wholesalers cause massive damage out there.We have our contract where the seller allows assigning into a corporation the buyer owns,assigning to another buyer,or not assigning at all without written permission and review by the seller first.I think wholesalers should pay a very hefty fee if they can't perform.They won't do it again and they will think very hard about the purchase price and not over valuing before putting a property under contract.There are a lot of wannabe buyers out there.A broker saves the seller time weeding them out.Purchase price,terms,deal structure means little to nothing if the buyer has a low chance of performing.I don't have anything against people with no money trying to get a leg up.I wasn't born with a silver spoon and had to start out small.Just be realistic and do not try to do a deal you aren't qualified for or have the means of following through on.Partner with someone more knowledgable who can guide you away from mistakes and help you.To one posters comment about we are all in this for the money.I would DISAGREE that that's the only or sole reason.I enjoy real estate on many levels besides the monetary aspect of it.There are many things I could do for money and I wouldn't last long at them for the simple fact that besides the monetary aspect they do nothing for me.