But there are hundreds and thousands of investors buying properties from wholesalers every year and it's pretty unlikely they are all losing money on themI'd also recommend getting multiple contractor bids.

We were going to take out a personal loan from our local credit union to cover the rehab costs, but family has approached us about losing us the funds.

But you are correct I could refi and pull out cash for that instead of losing the property.

That's $7K+ a year you are losing.

You should already have a company lined up that is going to provide your background check and credit reports for you.To get over that mental hurdle... imagine a scenario of getting burned and losing thousands of dollars.

Many sellers believe asking them to finance seems like a lose-win scenario for them and that they are doing you a huge favor.

I let my agent know that I don't want to lose the house equally as much as I don't want to keep the current tenants, but if it comes down to closing with tenants or walking, I'm going to walk.

TKS,TB" style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: inherit; vertical-align: baseline; position: relative; overflow: hidden; height: 208px;">Hello BP Family,I'm a new Investor starting a Rehab in the DFW area.

You'll be losing money.The only way this might work is if you were househacking and someone was covering your living expenses -- partially -- and then I don't think it's a terrible idea if you live there for several years.

You may lose a large sum of money because of this problem, but you aren't beaten.