Regardless, as @Chris Boyd said, a wholesaler is selling a contract they obtained.

Hi, I'm new to the community and seeking as much information as I can obtain about creating wealth through buy and hold properties.

I would like to increase the number of flips to 10 a year, and obtain a good passive income from rentals.  

We have obtained contracts from other BP members who wholesale in SoCal and have a few title companies to use (we both are real estate agents as well).Our KPIs are as follows:- Mailers sent each month- Conversion rate from mailer to call- Conversion rate from call to appointment- Conversion rate from appointment to deal- Addresses obtained from driving for dollarsThe main focus will NOT be on getting deals done, but reaching out to more people.  

With option #2, you'll be adding two units and you obtain title to an additional piece of property.  

Using 28% toward a mortgage, although a lender will go up to 45%, that $2,500 a month makes a $400k mortgage obtainable. 

With this in mind, what success have you had in obtaining 1-3 years of operating statements BEFORE moving forward with placing a property under contract?  

In addition to the basic restoration criteria outlined above, a veteran may obtain restoration of the entitlement used on a prior VA loan under any of the following circumstances: the prior VA loan has been paid in full and the veteran has made application for a refinance loan to be secured by the same property which secured the prior VA loan.

A list of encumbrances on a property's title can also be found in the land registry.A list of building permits, work orders / code violations can often be obtained from a City or Municipality though an access to information request.  

The lease and the tenant’s right to remain in possession continue, indefinitely, until the landlord has “good cause” to terminate.