Happy to be proven wrong on that point.

Hello all! Well, after a further review at the title company, unfortunately my first wholesale deal seems to be falling through. Owner is unexpectedly in over their head on the property about $30,000 after further rev...

There is a 13 unit building for a real good price that I’m interested in but it is in a neighborhood that seems to be trending in wrong direction.

It boggles me why the 1 commentor feels lake front is not anything special, that's like saying water is not wet, it's on that level of wrong and ridiculous.

Therefore, it's still possible to recoup all the capital invested in a property, not just 75% of the capital.If anyone thinks I'm wrong or knows otherwise, please let me know, as otherwise I'm very pleased with this new knowledge.

There is absolutely nothing wrong with earned income.

Am I wrong to advise her to go to look to other banks and that she should be able to get a HELOC or mortgage on the property that actually needs the rehab work done?

(Correct me if I’m wrong) but if this is correct, and I don’t use a hard money lender, what kind of loan should I look into?

You can't go wrong with adding as many of these to your portfolio.  

The amount of things that can go wrong are too many to count, especially when you have unknown unknownsI think whether you are doing it yourself or not should be determined by the size of the project.