Everything you buy - EVERYTHING - especially food, has some wholesaling involved at some point be it in the raw materials used to manufacture it, the bulk discount obtained by shipping mass quantities, or the actual product you purchase at point of sale.SO, why should real estate be any different?

Originally posted by Brad T.: Mobile homes depreciate.

If you go directly t the seller's (listing) agent, they might reduce, not split, their commission, but they do not represent you.

Missouri, like other states is or in the process of requiring a 4 year degree for anyone to obtain a RE license.

If there is going to be a wraparound (or Subject to) mortgage make sure you buy a title policy through a Trust friendly (build rapport for future reference and deals) title company as to satisfy The Seven-Day Notice Requirement: Sec. 5.016(c): "where the purchaser obtains a title insurance policy insuring the transfer of title to the real property" Even then, you are still closing a deal without protection of your assets.

Then either continuing to purchase small multi-families or selling those to purchases larger "commercial" units more than 4 units.During my initial time wholesaling, I figure I could/should work on obtaining my license.

That is something you would need to obtain for yourself.

And unless you've got a ton of cash to finance these opportunities, your best bet in such a short funding timeframe is to obtain a hard money loan.In many cases, particularly in the case of short sales or foreclosures that banks are looking to liquidate before years end, sellers want to move quickly.

@Virgil T.

@Mike T.