Needless to say, his inspection was left wanting.Also, I've basically turned into these guys contractor.

Hi All,I am totally new to wholesaling so I have a very basic question.

When you buy a home for income, you criteria changes to basically cash flow (appreciation for certain areas).

Base your level of finish (basic, standard, designer, or custom) on the neighborhood norm.

I think there was a law passed some years back that basically said escrow has to actually perform the service before it can charge for it, things got better but one wonders why they can't just include everything in the base fee.

Then there is the Financial Bridge Investment group (FBI) the Note Securities Academy (NSA) the Home Loan Servicers association, or the (HLS) then there is Dividends on Debt Managed Instruments (DoD MI).Anyway, let me know when these wealth operators get out of school.Sounds like you're starting off, read the forums, begin in RE with the basics, not guru stuff, try a real school and stay away from boot camps, IMO Good luck :)

Not completely clear on how hard money lending works, but it would just basically be like a 5 years loan with the building as collateral.

Scott, just noticed you're in Michigan as well, it's a typical bungalow here, the master is smaller sized and the closet will be basically sacrificed for the bathroom, maybe what would be left are shelves and I could provide some of those hanging racks for clothing storage

Basically would like to have everything covered, and because this is my first I'm sure i've overlooked/missed a good amount of things.I would also like some guidance on how to go about offering for this property.

To me, this is basically break even.