They put zero energy in, and after the rehab they get their capital back in full and then get 50% equity and 50% profits on the property.

I read the infamous book Rich Dad Poor Dad and ever since, I have had this burning passion for personal finance and setting myself up to become financially independent at a young age. 

There might be some demand in some of the suburbs if a house burned down or something to rebuild, but nothing like what you are seeing.

For every 1 guy telling you how he bought in DC 20 years ago and now he has a million dollar place there are a lot of people who have bought in the hood thinking speculation and had to rent while they hoped for gentrification that never happened and eventually crashed and burned. 

I don’t know what to do or how to properly proceed without burning bridges.  

Admittedly, I am burned out and a little turned off due to my experiences ( although I recognize my experiences are not the norm).

Admittedly, I am burned out and a little turned off due to my experiences ( although I recognize my experiences are not the norm).

@Cassidy Burns this seems up your alley 

The agencies are being conservative and trying to avoid getting burned, but I would not be shocked to see sponsors coming out with low 4 or high 3 cap rates and 75+% LTV in the next few months to try and squeeze a deal in.

So when i first started wholesaling last July i was using the 70% rule minus repairs minus my wholesale fee to calculate all my deals, I quickly realized i was getting burned on my deals, Deals i would pass up on other people would pick up and make 10k+ wholesale fees on and just left me wondering what am i doing wrong.?