If repair cost is estimated based on the "wholesaler" doing the labor (see first paragraph), then that "wholesaler" had better volunteer for supplying the free labor to the end buyer he wholesales it to.Can't be doing both of "work on repairing credit to buy" and planning to do work by swinging a hammer (on that house that he can't afford to buy).

I used to deal with a loan officer but because my deals are become bigger I have to talk to the president now.

He said he has 30-50 more homes than he can manage alone and has been giving them up to junior agents in his office, and says that I need a piece of this actionThis gentleman is the one who suggested this field for me and has been hounding me to do it since we met.I am currently enrolled in an Online Salesperson program for California, and have a few questions about the Mentoring process.What does this entail on my part?

Also, I'd check with the tax office - they can tell you exactly how the property is being taxed i.e. real property or personal property.

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

How can I get in contact with my local section 8 office?

You can also buy a mortgage calculator at most office supply stores, although that certainly isn't necessary unless you want to carry one with you as you look at houses.Mike

That's a shame, probably the fault of a new office employee or something.

Call a bunch of title companies and ask them, they would know.You might or probably will get a lot of title agents have no clue what your talking about so they'll be like, "whats your number and I'll get back to you"if those words are mentioned, either hang up and call another title company or ask them if they can do WRAPS.Wraps are very similar to Sub2s and there is a chance that a title company will understand that.If they tell you NO you cannot do those transaction here in NM, ask them for the proof that you can't or refer you to their legal department to have them explain why it is not legal whether they call it a Wrap or Sub2You could also contact the Attorney Generals office, but your not going to get any straight answers there unless you can find an article or press release relating to Subject to's or 'creative acquisitions in real estate' detailing certain laws that they will most certainly cite in those press releases/articles.What ever you do, do not go to the department of Real Estate or any other agency that is obviously funded and structured for Realtors b/c they will tell you anything outside a standard typical transaction involving an Agent is illegal.Hope that helps

Look for the closing/active board in the office and see how much activity there is.