One of the best books I read about wholesaling is the Real Estate Wholesaling bible by Than Merrill.

I haven't read the posting at the link you provided, nor have I done this or any wholesaling either, but if this would be done by the wholesaler taking some form of equity position in the property, in lieu of collecting a wholesale fee, then I would think that this would be addressed in the deed showing the form of ownership as well as identifying the owners of the property (as well as some other partnership agreements/documents detailing ownership structure and management responsibilities).

I read somewhere to stay East of Ave Q and this sits only a few blocks east of Ave Q.

DTI= $55K/$108K = about 50%From reading, it seems to me that part of the reason banks take 25% off of the gross income is to cover for PITI, so it would seem redundant to count it again as in example 1 above.

It's a good contract, most tenants have seen it before and are comfortable to sign it and most important, the eviction court knows it well and does not have to start reading it, because it's something homemmade by a family lawyer!

@Curtis Deckard, I DON'T like the "down payment" (only) idea, because from every account I've read, Lenders take a VERY dim view of your deposit ALSO being borrowed.

Under a qualified employer plan like a 401(k), UDFI does not apply to leveraged real estate income.

@James KojoThis is good question, I also had this exact same question in mind recently.It looks like a lot of good commercial MF deals come directly from brokers before it hits the market i.e. loopnet.I read several people saying that deals go to loopnet to die...

Hey guys, I been following Grant Cardone, read the "10X rule" "Be obsessed or be average " etc but I feel like the Grant's message is a bit contradictory to what our BP contributors are suggesting(start small and work your way up).

- find a Mentor to partner with in areaWhat I'm doing now-  getting educated and licesened - I've listened to every BP podcast and am currently reading "set for life"- signed up for BP pro and am reading and asking questions- networking for subcontractors This is the just of my situation.