Is there a software I can buy, or do I simply use Excel's payment functions, and then get the seller to sign off on a statement each year (I know they should be the ones sending me a statement but they're very unsophisticated).We would probably close on the 44 separate properties in 4 batches of 11 properties.

Kinda funny Brian, but you know, there is no law against having two sets of books so to speak, the kicker comes in is what you use them for.There is nothing wrong with having your "inhouse books" being marked at market and doing you own analysis and financial statements from that point of view.

I wasn't making that statement to impress anyone.

If you, or anyone else can contract such a large spread in a deal, you would certainly be deserving of a better margin for yourself.While I believe Ryan's statement about wholesale fee's usually being around $5K or under to be generally accurate, it is certainly relative to the market but also to many other factors:1.

His relationship of gambling and investing is an old one, but in economic, financial, statistical or let's say from a scientifc business basis, the statement is not a true.

Rent rolls, five year financial statements with best and worst case scenarios, and so on.

ALL will require a proof of funds, lest they file it under "F"... for "Forget it".I'm not saying don't try with the $20 EM trick, I'm just saying it may not work as advertised in the course you took.Oh, and PS - I hope you've seen a proof of funds from your end buyer in the form of a bank statement, and that you've verified it to the best of your ability.

Sellers want big down payment, high interest rates, short term with a balloon (need to refinance and payoff loan) and a strong financial statement.

A week later I received a statement of what I would get back and it showed that I would only receive 1k from the deposit.

Something doesn't jive.It sounds like they haven't negotiated the price on the wholesalers side yet.They found you to pay XX and now they are trying to get under contract for YY.Not involved in the transaction but all the statements don't add up well.