Good evening, Being a wholesaler and new to the industry, has anyone every been asked by a seller to show proof of funds as a wholesaler and if so do you have any suggestion how to handle such request; especially when my goal is to lock in the contract with the intent to do an assignment of the contract.

The problem I ran into with the first bank (and confirmed by the second one who returned my phone call) was “to consider any income from 1099 self employment I would need a tax return for the past two years, and they would average the amount.

- Requiring a rate greater than a blended mix of 10yr mutual/index fund return averages?

My husband and I are new to the BP and new to the real estate industry.

I think there is a lot of up side in that area given whats happened in the wine industry..

Some people think 3 stars is average and 4 stars is a good review, and I want them to know that Airbnb does not see it that way. 

Hello,We are about to close on a REO sfh that needs total rehab in 70068 Area.Property: built in 1953, SFH 3/2 1260sqftNeighborhood: Class B,Average comps ~ 120k within 5mile radius ( no homes sold in the same block) Rental income around $1000-1300Cash buy for $35000So far I have one GC that has quoted me about $55/sqft to completely gut the interior, roofing, plumping, electrical, flooring etc.

The rent covers PITI and utilities with a little extra built in to cover anything over the average utility usage.

I guess what I'm looking for is some advice to someone that hasn't invested in any properties, doesn't own any properties, and is just looking to dip their toes in the industry.

Not very well respected & borderline illegal practices in the real estate industry.