They are going to be EXTREMELY labor intensive when it comes to management.

The wholesaling business is full of heartaches, disappointments, hurdles and more and to navigate those, you need thick skin, determination, and the knowledge to know that for every 99 no's you receive, you will get that yes that will make it all worth while in the end.I don't think Lydia was trying to bash you at all, she was merely offering you here 6 years of experience in an attempt to open your eyes, you can do with that what you want.

That's 15% on the sale of your property.  1031 exchanges are extremely difficult to accomplish for a non-us tax payer. 

I'm getting too old to wait, so if I have to take things in my own hands, I will.Here is the caveat, I came back to do this because I am extremely passionate about sustainable development, net-zero carbon, thermal mass, compressed earth block, rammed earth, hempcrete and others with all the add-ons like rainwater collection, solar and permaculture.

@Rebecca ReadusCongratulations on getting started, and I think a major focus for every investor should be to understand renovations and rehab costs specifically so you're on a great path.I don't have a worksheet to share, most investors worksheets will be useless to you as they are (if done well) extremely specific to that investors market and likely that investors contractorsBut Homewyse is a decent site to use as a reference point until you better understand your market and contractor pricing.

We are expected our first child, which is extremely excited.I look forward to networking on this site and meeting new people.Thank you,Gage

I am extremely motivated and it takes me no more than 48 hours to find what an individual wants.

Originally posted by Travis Hughes:Anyways, about a month ago, another wholesaler in my local area told me his rule of thumb - a full rehab, excluding foundation repair (which is common in Texas), should cost at or below $15 per square foot with a cost competitive general contractor, and closer to $17-$19 per square foot with a more expensive GC.In my experience, that is *extremely* low for a full rehab...are you sure you don't mean an interior *cosmetic* rehab?

I would think on these higher end homes they wouldn't get bid up extremely high since not a lot of owner occupant buyers have $300-500K cash laying around.

When it comes to tax time his book is great.As far as for rentals "Landlording" by Leigh Robinson is definitive.I first read these two authors back in the library at UGA while I was in school and since then have been very disappointed by most of the dozens of other books I have read on the subject.