In most common methods of wholesaling you are NOT a principal, you are an intermediary.I like them all, but 7 is one that needs reminding because all of the fakers out there go bursting in with their "I will buy your house for cash" without a cent to their name.

If one of my $300K houses needs a new HVAC system, its 2% of the property's value, if one of your properties does, its 20-30% of the property's value and probably multiple years worth of free cashflow.

It is just easier to cash out of the deal and get everyone's name off the mortgages.As far as contracts, use the TREC contract.

These are great but they are all in the Smokies a traditional vacation market so we are looking to diversify and move into some other markets.We have quite a bit saved up from the cash flow and recent cash out refis. 

In 2024 it is worth $360,000 did you gain value?  

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Don't miss this Freedman's cottage built in the Roaring Twenties.

No claims of cash income are accepted.

The property was purchased seven years ago for 56k in a C- neighborhood, which is now paid off and worth approximately 170k. 

I am wanting to cash this out and buy more properties.