@Nicholas FluetWelcome to Bigger Pockets, NicholasYou’ll find plenty of friendly, knowledgeable people willing to help respond to your questions.

He may be willing to reduce the price by RE agent costs that he would incur with a traditional sale but a bigger discount than that would basically be a gift.Someone that does not have the capital to purchase a SFR in San Diego I would think is unlikely to have the capital to supplement negative cash flow from owning the SFR. 

I ran multiple scenarios in the bigger pockets calculators before buying the property and the results were so good that I just couldn't pass on the deal.

I could use that money to transition into the bigger investments (apartment complex).I have two properties in California which do not bring me that much positive cash flow, but have gained a lot of value over the last 5 years.

That includes getting paid upfront with a bigger non refundable deposit then getting paid in the middle with monthly lease payments and getting paid in the end when the tenant buyer buys the property from the investor at a higher price than the seller is asking for.

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@Patrick Daniel thanks for the encouragement. i think the competition is increasing because as we approach the summer time, it'll be difficult for me to be competitive. i think i'll be more aggressive come sept-oct. that said, i know i can't use the traditional 70% rule since i'm not going full rehab and rather going the route of livable+small rehab.after hearing a few podcast episodes of bigger podcast, the double close made more sense and jotted some notes. the wholesaler/buyer's list route will require more research on my end especially as it relates to those with a conventional loan. great point to bring it up!

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