So basically what I need to know is how does one learn how to Wholesale and sell the contracts to other investors when everyone here (I have looked at all the other posts including the sticky, to see the negativity about wholesalers) has had bad dealings with wholesalers?

This was a tough concept to swallow when I first started.

Second, just the process of obtaining credit (number of credit checks, for example) alone negatively impacts the score, as does the increasing number of actual credit accounts.

This could lead to some negative long term consequences.If I say yes I feel like I’m just giving away money for no good reason after the deal has already been done and contract signed.Thoughts?

I've already disclosed any thing I feel could be construed ad a negative aspect of my property and many pictures and he was pleased with my honesty and thought the property would be good for at least a year or two.

This forces you to get used to the concept of budgeting.

The more I read the more I learn the more negative cash flow I calculate.

I have a tax lien on my credit report, and I was wondering if that will have a negative affect on me as a wholesaler, when I put properties under contract and go through the closing process with the closing company.

However, I don't want to get involved with any Programs that will have a negative impact on my credit.

Right now I have it as no deferred gain and a negative investment in LLC#2 for $500,000 ($500,000 actually invested - $1,000,000 deferred gain = -$500,000).Is this correct?