from a buyer's standpoint, has anyone dealt with a seller that offered you a lease option and you turned around and purchased the property and benefitted from the equity?not talking about sandwich deals, or rented the...

Im just trying to find out what price the property would be profitable for me.

As a new wholesaler, I'm still confused how I estimate rehab costs when determining the maximum allowable offer and the profit potential.

Loftis-The Foreclosures Guide to Making Hug Profits Investing in Pre-foreclosures without Selling your Soul, by Alexis McGee-Rental Property Investing: Know When to Buy, Hold and Flip by the editors of Socrates-The Millionaire Real Estate Investor by Gary Keller et al.

With me being originally from Columbus county NC, and the rural coastal areas i believe the are there for bigger money investors, im just starting out and my line of credit isnt that big just yet, ive been in touch with realtors in the wilmington area but the homes after inspecting all have major isuues....termites...structural...or title complications....thanks everybody for giveing me this great advice, im not going to give up....Living here in Charlotte I believe the market is a tad bit inflated and everyone has taken a course or two in short sales or foreclosures, now when one comes available everyone jumps on it and it gets inflatted quickly taking the profit margin out...

First, I would HIGHLY recommend that you read through the archives in the Wholesaling forum.As for your questions,1) Remember that price overcomes all objections.If you are selling the property where the buyer can profit $15,000 would they be willing to pay you $5,000?

But if you get the house for a low amount, then you might be able to build in the cost of rehab in either your rehab loan, or if you are wholesaling it, and you can allow for rehab and profit, it might be OK if the end buyer is into rehabbing.

We will have no other responsibilities come April, and our plan is to begin by flipping houses, dumping profits into bigger flips.

The conservative total profit for the project is $5.7M.

There is always opportunity in real estate, depending on the market conditions in the area, there is always a strategy that can be applied to be profitable.