Many meet ups and "guru's" make wholesaling seem easy, quick and insanely profitable.

So we decided to to buy a larger home.

I could take a profit to pay down debt to get my ratio down.

Exception, on larger parks/nicer parks, you can afford to maybe higher out the property management services, it is becoming ever more popular, but it is still a long way off from the apartment world.

Is this something that can be profitable?

It also gives us time to have them pay down our mortgage over a few years which increases our overall profits. 6.

thank you everyone for the information, i do have a contractor friend that i reached out to, just waiting back on some info from him also he lives about an hour away from me, so i expect him just to help with some info and pass me onto someone more local for the work.I was actually thinking in the in realm of 10-15k offer just going off cost to replace the main items and still manage to make a profit renting the property out.

I'm looking for larger properties so those are not as likely to respond to direct mail.

Here's the situation:Purchase price: 2MRepairs: 90kARV: 2.5 to 2.7M (checks out)Profit: 250-350kI have lenders that will provide up to 85% leverage.

Bonus is if you can move to larger parcels that may have timber value.trying to find lots for builders is pretty much a non starter builders find their own lots.. and are not going to over pay.this is why the guys that do this primariliy are working the deserts of the south west.. high deserts of CA rural Texas NM  AZ  so on and so forth..