Houses are pretty far spread apart too.

also obviously your numbers need to be dialed in. 50-70k is a big spread for a 100k house and a 10-20k rehab.

The numbers have been working for a number of years however, the spreads have been compressing and as such, the profits have been more slim than in years past.It is all about the numbers.

The important point is to concentrate on one thing at a time and not to spread yourself too thin.

I have noticed a lot of cash or hard money buyers are taking months to get into a project. On the other hand I have experience first time buyers pull the trigger on the first property they see. It took that individual...

That constitutes brokering without a license and in many states, can be punishable by fines or even jail.There are legal ways to wholesale and illegal ways to wholesale, many new wholesalers do it illegally and as such, the “legal hurdle” I referenced.Wholesalers will also tell you that they provide a valuable service, however, the argument to that is in order for them to have enough spread for both their end buyer and their wholesale fee, they must convince a seller to sell well below market value.

That is a huge spread. 

I prefer a little greater spread personally.

I have spread the word to friends and family that I am searching for my first deal to begin building my brand in this space, but this hasn’t yet yielded any leads (possibly due to my lack of track record and proven ability to close).

They currently hold 300+ mobile homes spread over a few different properties.