Hello I am 19 and soon to start wholesaling, can someone PLEASE look at this and tell me what is wrong with this/ how this is not the true reality... it seems WAY to good to be true it is literally insane, but realistically it should be very reasonable I would think.

I can literally feel the adrenalin of turning my dreams into a reality. 

I think it's very hard to guess when the bottom is because the markets are entirely divorced from reality. 

In reality, almost everything can be replaced or repaired if the budget leaves a profit. 

The reality is that supporting a building in NYC is expensive and the hold time through litigation for the deposit could be a year + when the courts finally do re-open. 

A deal on paper isn't always reality. 

In reality, all they are doing is removing the "speculation" piece of their offer and offering what the property is actually worth, but it has the affect of making the sellers believe that their property is losing value.What will be the real determining factor for the next few months is the seller's mindset. 

The reality is if you're collecting 2x or more in rent than people are in LCOL areas, the repair work will be more expensive but it's not 2x. 

We initially pursued conventional lenders to do a cash-out refi, but points on investment refinances were brutal at the onset of Covid and we wound up going another routeWe wound up using a commercial lender who would provide a rate/term refinance on the previous balance + closing costs, and then issue a line of credit on up to 80% the remaining equity.Ever since the purchase I expected an ARV of around $210,000......it came in at $255,000! 

And regardless of what RE Companies say they will do for you - in reality - it's all up to you to create your own success.