Deal just kinda fell in my lap..Friend just wants to get out from it as is, kinda beat up but piece of cake for me, it's payoff is 107k and I thnk I can turn it into a 200k house for not much rehab.Question is, do I need a realtor to handle the transaction?

I mean a guy who actually has money and can close a transaction quickly.

I did over 100 wholesale transactions last year.

I am very eager to learn from the best and hope to potentially find a mentor that is willing to guide me through transactions.

I can never underestimate the importance of having reserves, especially at the beginning/backend of a transaction.

Provided that the issuer of securities does not otherwise have knowledge that such person is not an accredited investor, the issuer will be deemed to have taken reasonable steps if:with respect to purchasers who are accredited investors based on income, the issuer reviews IRS forms that report revenue (W-2, Form 1099, Schedule K-1 or filed Form 1040) for the last two years and obtains a written representation from such person that he or she has a reasonable expectation of reaching the income level in the current year;with respect to purchasers who are accredited investors based on net worth, the issuer reviews bank statements, brokerage statements, other statements of securities holdings, certificates of deposit and/or tax assessments and appraisal reports issued by third parties in order to verify assets, a consumer report from at least one of the nationwide consumer reporting agencies to verify liabilities and obtains a written representation that all liabilities necessary to make a net worth determination have been disclosed (all information reviewed may not be more than 3 months old);the issuer has obtained a written confirmation from a broker-dealer, a registered investment advisor, a licensed attorney or a CPA that such person has taken reasonable steps to verify that the purchaser is an accredited investor within the prior 3 months and determined that such purchaser is an accredited investor, andfor purchasers who previously purchased securities in an issuer’s Rule 506(b) transaction prior to the effectiveness of Rule 506(c), a certification that such person is an accredited investor.A simple Google search has a bunch of third party verification services.

Someone who is responsive and able to close wholesale transactions.

One last item, and this is a question, if two identical homes n identical condition sit next to each other, and Sam buys the one on the left for $100k, and I buy the one on the right for $65k, and the closing of each transaction occurs on the same day, what is the current market value of my home and Sam's?

---------------------------------------------------------------------------Arizona's Realtor Association - Seller Financing Forms - Dodd Frankhttp://blog.aaronline.com/2014/01/are-you-prepared-for-the-next-installment-of-dodd-frank/In order to ensure that its members are not facilitating seller financed transactions in violation of the Dodd-Frank Act, AAR has removed its Assumption/Carryback Addendum from the AAR forms library.

I just want to make sure my understanding got how this transaction would work is correct: He will allow me to represent him as his buyer's agent so I can collect a commission and he can get the property under contract and do his thing.