Developer financing isn't very common but basically, on delivery, the developer will give me 5 years to pay the 50% of the price that is still due at an interest rate of 6%.

I would pass on this one.A deal should be where you are buying the property cheap enough to get everything done and still have cashflow.

I only invest in either private pre-sales of pre-development properties at a substantial discount compared to their market value and launch price and rom a developer who I personally know, has a great track record and give me cheap developer financing by Mexican standards.

Sid Bogue They are very cheap so I provide them.

Generally, it's very cheap.

Prices are still very cheap.

, because you it will reduce your repais and capex expenses for the next 30-60 years.The problem with cheap houses is that the only source of income to pay for both capex and repairs is cash flow - after you have already paid for PM, vacancies etc.

A lot of cheap MUs do pop up in hemet which I’m not too interested.

The housing stock is so cheap that it makes it much more challenging to find qualified renters.

Aaron Guadiano another added benefit of wholesaling is sometimes you get deals that need hardly any work and are in good areas...when those pop up I like to get a quick private loan or hml and keep those for rentals...I’ve snatched up lots of rentals with a lot of instant equity that cash flow really nice which is hard to do in California and if you have the property locked in cheap enough there will be people in line trying to loan you the money.