You need to look at the contract language but I would think that the seller shouldn’t owe a commission in a case like that but I’m not an expert in this area. 8)

checking your own score can result in a real inquirie if you are using a service that pulls if for you. then they are making the request and it counts. not everyone is a credit expert. usually not even the experts. they have no real world experience dealing with underwriters and getting the real story.

Remember that you don't need to be a "guru" or expert to contribute here.

So, NOI = 95%*85%*60%=48% of gross rent.beekrock, I won't claim to be the expert Mike and R2 are, since I've yet to find a property.

It is generally closer to 45% if you include management, capex set-asides, maintenance, economic vacancy, etc.

My advice is to do whatever it takes to become an expert in your market.

Putting in offers that have at least 70% equity after repair ---> lesson is that you need to be very good at determining what needs to be done and how much it costs to do it.Summary is that to those that are just starting out to be wholesalers - it is a lot of work, every day, and you must yourself be an "expert" in ARV & Estimating.Let me add one more key point - that 70% ARV she mentioned is AFTER her fee (that i an assumption though).

Any advice the experts here can offer would be so greatly appreciated!!!

Please advise I would greatly appreciate your expert advice.

First off, I have much, much less experience and only a passing interest in RE Investing vs making it a career so I'm no expert and have much less expertise and success in RE than many others on the forum.