She works as a property manager for a large apartment complex and is often called upon by investors to go check out potential purchases and determine profitability.

I have read 6 preforeclosure real estate books, but some of the most important macro questions don't seem to be addressed in them.Investors are ultimately looking for a deal that has equity and you can flip with at least a 20%+ profit margin (unless you are doing a short sale).Question #1: If that's the situation, why wouldn't the home owner just sell their house and do the same thing?

I was just wondering if wholesaling is profitable?

it won't cash flow or it'll be super tight and there's just not enough margin there for you to make any substantial profit.

If a lender teams up with this wholesaler, he will bring themdeal after deal (which means loan after loan) all of whichare profitable to them.I may be wrong, but I think you are missing one of thesteps in this process.

Final thought, if you buy a house for a rental you are going to get enough in deductions to offset any profit it makes for awhile and get the tax writeoffs available to you and you will actually make a couple hundred a month in cash flow.

You can get capital gains tax treatment if you sell it after living in the house for 2 out of 5 years (READ: KEEP AN EXTRA $1000+ FOR EVERY $10,000 IN PROFIT).Make it nice (visit your neighbors that have nice looking houses), not over the top, and take care of the house while you're living in it.

Out of state investing can be very profitable however homework is the key.

I'm currently Vice-President of a not for profit.

Remember you make your profit when you buy!