It may work in other states but NOT here.There are TWO WAYS to legally "wholesale"1. own it and resell (some guys call this flipping)2. be licensed as an agent (which allows one to represent others)This guy paid $5400 for BAD INFORMATION.

For example, a bad line from the house out to the street. 

Your dead equity is turning the property into a bad investment based on potential lost income alone.

This house should appraise for right around asking price but I think if we go in and treat it like a long term flip basically, value may increase to 150k or 160k.

I would love to learn more about operating expenses, cap rates, what’s a good deal vs a bad deal, etc... pretty much how to crunch the numbers in order to find a good deal vs a bad deal.

To build a fourplex it will probably cost me in the neighborhood of $500,000 to $600,000 and the best loan product I found is 85% LTV which is not bad but to be honest will burn up most of my liquidity so once I'm in this deal I would have to wait for a while in order to do my next deal.I feel like when things are too complicated they are not meant to be and the simplest things most of the time the right answer.

This dilemma is actually something that will keep you in check.Okay, before you think I'm really bad at estimating know this.

A few inches, maybe not so bad.

There are plenty of signs indicating it may be time for an adjustment.For me, based on what I have seen in the past, when there is a steep increase in Flipping shows on the TV it is a bad sign.

If you think my property is a bad deal, feel free to give some constructive criticism!