Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.

So all wasn't lost, she kept an open door with me and I tried again to explain everything to her on how wholesaling works and tried to be as transparent as possible with all the details.

Remember you don't have to own a property to control it.

She really wants to buy a house one day and she understands she needs to get her debt under control.  

I firmly believe in controlling the paperwork and filling these in yourself.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

My dad lives nearby though and is interested in real estate as well so he would be my boots on the ground.Here are their numbers:Rent: 14,250.00 monthTaxes: 15,300 yearInsurance: 6,800 yearManagement: 8%Maintenance: 13,000 yearUtilities: 3,600 year (they say tenant pays utilities so not sure what this is)Lawn: 900 yearPest Control: 600 yearLegal: 600 yearVacancy: 10%I also assumed 5% for Cap Ex… not sure if that is a good number?

In Oakland, you may know that owner-occupied duplexes or triplexes are no longer subject to rent control after you've lived there for a year (for the period in which you live there).

Remember you don't have to own a property to control it.