I also can't imagine that the cost would be any more than employing all those TSA employees and scanners.

I do 2-5 deals a month (30-50 a year) and I average about $4,000-5,000 gross profit per wholesale deal.

My employer (a bank) restricts me and other employees from investing in real estate (we have to disclose all outside business activity).

If the gross rent, less the 50% expenses, less your debt service = cash flow, then you may (or may not) have a good deal. if it does not, then you likely do not have a good deal (of course there are other factors to consider such as potential future appreciation, tax deductions, principle pay-down, etc)If you have a seller who owes only $5k less than the actual value of the home, then you have no deal unless the lender is willing to short pay the loan for significantly less than what is owed which is unlikely unless owner is way behind on payments.

There are exceptions usually for doing it for family members and if you are an employee of the person with equitable title.If you are committing loan fraud, you are going to jail, license or not.

The particular one we are looking at has an employee who has been there for several years who pretty much does it all.

Hello All,My friend has a real estate company in which is the only employee/employer (broker-in-charge).

We have in house property management and should be able to manage this with no extra employees. 

People misunderstand business because they think like employees. 

30k,40k,50 gross profit??