You don’t have to be an expert to realize that projections that assume renovation work will begin as soon as the property is purchased, along with achieving a premium increase of $250 - $300 per unit are far too aggressive.

That would not have happened if he hadn't strongly desired wealth and believed he could achieve it in the first place. 

@Calogero Fucarino this is a very achievable goal even in this Grand Rapids market.

It is the only way possible to achieve this in most cases so there is risk involved. 

If a 100k home appreciates by 3% per year, then a fully paid off property will go up in value by 3k and achieve a 3% rate of return on your 100k of cash. 

If you already own the dirt and the house, the extension and conversion of the garage to an ADU for the rental rates we can achieve here are one fo the best cash flow investments going right now.

So if that’s where I want growth it’s best to seek out folks who have that goal and more importantly have achieved it.I also think that I’d have value to add to the conversation with a conventional wholesaler as I have a lot of experience with Podio development and process development as well as a different perspective since I do land and presumably they do houses.

Step 2: Hire an attorney who specializes in that area to answer your question of whether or not it will achieve your goal.  

By now you are realizing that if you are serious about growing your real estate portfolio and achieving your goals you really do need to have a team, otherwise you may end up running yourself into the ground.

I am also seeing better returns passive than I have recently been achieving in my own deals.