So, typically on a $200,000 property, I spend about $25,000 to control it, I get $25,000 back out immediately from the Tenant Buyer, I have a spread of $6,000 to $8,400 for each year, so a note that pays off in one year totals $31,000 plus or minus and a ten year total is $109,000 plus or minus.

It was wired into my brain that you wholesale to only investors who have enough money to buy in total.

Obviously we’ll tell management tomorroww morning and request an additional pesticide sweep of our place, but is there anything else we can do??

Obviously the second way has a lot more moving parts but I would do the calculation even if there are sold comps for land in the same subdivision.

Per Year:(-$13,920)Debt Service Per Year:(-$27,900)Total per Year:(-$9,360)

We are just starting out but are have several years real estate and finance experience so while we hope to get our first deal soon, I don't consider us total newbies if that makes sense :).We found a nice property that we think we could do a wholesale assignment on. 

You obviously need no help learning, so start there.

The total amount of the loan would be about $575,000, which is less than the median average of single and smaller multi-families in this town.

The idea is that you buy a great deal, rehab so that is worth significantly more than your total in cost (I'd say at least 15%), rent it out, then refinance. 

I totally loved this podcast.