That plus any capital gains on the sale of that house might make it a really painful transaction - especially if you didn't take advantage of the tax write off each year. 

Of course not everything is preventable but at least I did my part in a big transaction.

@Louis Davis i was thinking wholesalling was like door to door sales or itch. its never something ive ever done hence why i said not fitting my personality. so far all i know in real estate is the education, the hands on i am clueless about and that s what i am eager to get into. i want to do it safely and right, mistaes might happen along the way but i am a believer of learning from others mistakes also. i am still trying to figure out if 40-70k is enough  i actually was hoping it is tbh. i am asking here because i feel someone in here most likely is in the trenches working their real estate business and wouldnt mind sharing some expertise. im very serious about this and im just asking in order to know how to better move foward if any of that makes sense lol

@Lamont Johnson you really need to be up to speed on all of it in regards to real estate transactions and how closings work including closing costs, prorations etc.

I feel very safe investing here because I know the neighborhoods.    

After 5-7 years the owner will make $250-300k just in interest, then when I refinance or sell (if I could) they would be making about $1.1-$1.2m on the transaction once the remaining principal is paid to them.

Using that same conversion rate of 8%, your team has now generated 96 leads and 8 new transactions - an 800% increase over the lone wolf tactics, and 2.66 times as much new business for each individual.

Just putting it out there.And www.epa.gov/lead/steps-lead-safe-renovation-repair...  

It just introduces more risk in the event a market were to collapse.The amount of risk that is safe to take, would be market dependent.

@Jacques Wurms hey send me more info on this 150k deal maybe we can syndicate the transaction.