A triumphant post outlining the details of my very first wholesale deal and what an unmitigated success it was.

This are the details of the property.3/2, 1000 sq ft living area , 7500 sq. ft lot...REO owned by the bank, it was being sold at 64K with a note on MLS saying "This property is being occupied w/former owner.

I just pass all this info to my CPA and he sorts out the details.

Fabian Johnson Maybe you can give us a little more detail?

For example, on Zillow, it shows this property was listed by bank on 12/21/2012 - but there is no price.http://www.zillow.com/homedetails/723-W-Las-Olas-Blvd-Fort-Lauderdale-FL-33312/43203838_zpid/However, if you press the "View Complete Details" button, it takes you to Wells Fargo where it listed an agent, but the status is "Coming Soon" and price TBD.http://reo.wellsfargo.com/WBREODetails.aspx?

I replied to another thread we're on with more details on what I'm thinking.

We went to a taller skinnier more modern looking window, and then hung wire lath and stucco'd.

http://www.realtor.com/realestateandhomes-detail/222-Grove-Ave_Des-Plaines_IL_60016_M85510-89913Could this also be a supporting reason why CAP rate should NOT be your only metric in buying an investment property?

And likely it will have way too few circuits and outlets for modern usage.

I always respond to the buyers thanking them and attempt to get details as to the type of buyer they are, how long they have been investing, what sort of properties they are looking for, price range etc.