Please feel Free to Contact me to Discuss any Interests, Concerns or Difficulties that you may be running into in Getting Profitable Transactions Completed.

Rent needs to be quite a bit more than PITI to have a profitable investment.

Any bank is going to want at least 20% down on a commercial loan and many are now asking 30%.You might have to do a couple of a different type of deal and save your profits up until you have the down payment for a multi.When you are ready to buy a commercial property, the bank will use the income from the property to decide how much you can borrow.

It reads as if you are trying to carve as much profit upfront as possible versus form long lasting relationships.

"It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen.

So, if you have buyers lined, and this fits their criteria, move ahead.As a rental, its a bad deal even at $75K.Here's the breakdownRent $800Expenses 40% of rent (Mike would use 50%)Expenses $320NOI $480Desired profit $100Left for payment $380Max price $57,117 (7%, 30 years)But, if you're wholesaling, it all depends on what your buyers want.

If you factor in rising equity, it is profitable (that is questionable right now, I know).

Less $100/month in desired profit gives you $440 for debt service.

Lot of people end up replacing a job they hate with wholesaling and it turns into, you guessed it, a job they hate.Wholesaling is where you find a really great deal and sell it to another investor as a great deal and keep the profit the "really" part of really great deal created.

my parents might be planning to sell their house and i got this idea of bird dogging. obviously i cant do it myself but i was thinking what if i have a friend do the bird dogging on my parents house and we share profit!"