Throughout the United States, operating expenses (including capital expenses) run 45% to 50% of gross rents.

Hiding or being allusive about how your business operates is unethical, maybe illegal depending on the laws in your area.There is nothing wrong with a business capitalizing on relationships the business has built.

Hi JoeI would like to begin wholesaling in order to build up some capital.

I am working on something that I can create to plan for capital expenditures and longer term improvements/expenses.What am I missing?

That $8K will go entirely to capital costs.The (assumed) unimproved land doesn't add any value to the current investment.

First, I would like to get my feet wet and earn a bit of capital with wholesaling.

This site is awesome for learning and networking.I'm apart of capital city reia in Alexandria and will be checking out others in the area.

I may take a closer look at MH properties once I have more experience and capital, but it does not seem to be the best option for me at this time.

If you have lived in a property for at least 2 of the past 5 years, when you sell it then you can have a gain of up to $250,000 ($500,000 if you're married) and not pay capital gains taxes.

I've been researching and the deal looks good but I'm really weary about the murder capital and getting stuck in a potential war zone.