And definitely don't make the mistake of thinking that wholesaling is easy -  it's a hugely saturated market pretty much everywhere and competition can be incredibly steep.

I'm assuming you have a 5 year agreement with your seller to you though.3 - $500 for a buyer option con. is pretty low. 

Jaiden, those number sound pretty good for not having to put any money down. 

those are the ones with  large post counts and small votes ..then you have the ones that have way more votes than posts and those I think are the pretty sharp folks When EF HUTTON talks folks listen.. to me there is no rhyme or reason..

In that case you'll have pretty much all the same costs that came with the original loan. 

It is pretty nasty inside but nothing a good cleaning lady and coat of paint can't fix.

Regarding a 15-17% CoC return, that's pretty impressive! 

My name is Kaylee, and I am pretty new to the forums although I've been listening to the BP podcasts for a few months now.

I've only recently started listening to bigger pockets podcasts, and reading about real estate. my vision is the same as most people on here, which is multiple passive income streams, one of them being real estate. it doesn't take a genius to figure out austin real estate has a pretty high barrier entry to market, with a lot of big fish.. that being the case, I'm wondering what would be possible ways to enter the market (eg. foreclosures, gentrifying neighborhoods, off market properties, etc.), and potential strategies to look for and assess these deals.

So cash can be pretty powerful when it's the only way to get a deal done.Also, I like cash transactions because they're soo easy (less paperwork and headaches.)