It just amazes me how people troll any post mentioning not only the topic of wholesaling, but Lord forbid you have any type of successful story to share, then you just get folks from everywhere ready to tear you down.

By being human, you tear down the wall of this stigma.

But it was a full redevelopment, tear down the anchor, rebuild, etc.  

Purchase price: $354,700 Cash invested: $326,300 Sale price: $898,150 Tear down on Lake Lanier.

They can tear up flooring, scratch holes walls (once had a less-than-wise tenant keep his dog shut in a room - the dog scratched multiple holes in our drywall, as well as obliterated both the bedroom door and closet doors), and urinate on the floor (if it gets into the subfloor, its nearly impossible to eradicate).   

Less money spent on supplies, less wear and tear on your place, less money spent on utilities, fewer guest headaches, etc.

Most of the cheap houses are tear downs and future flooding is an issue in low lying areas so it is not that easy to find a good deal.With the train, it's a mess. 

Also, don't always be looking for vacant sites, look for empty buildings, parking lots, junk houses for tear down.

We are looking to do some initial rehab to at least 2 kitchens, 2 bathrooms, some windows, some masonry work on the building, and likely will need a new tear off roof with some metal capping around the parapet wall.

Purchase price: $145,000 Cash invested: $100,000 Sale price: $400,000 Major rehab that we initially bought as a tear down.