Wholesaling formula is 70% of after repair value minus repairs minus your feeYou might consider doing a joint venture with the seller where you buy subject to the existing financing, use private money for the repairs, give them a note for their equity after you subtract real estate commissions and closing costs repairs and your fee of 10,000

The other one he's currently working on it and he said he would like to sell as soon as possible so he can stop putting money into it.  

When everyone stopped bidding and we were left in a bidding war between us and another investor, it would have been easy to get caught up in the excitement of the bidding and the heat of the moment, but before I bid I would look at my excel sheet and knew my numbers.

@Mark BroganThanks Mark@Clive ClewerThe system seems to be a guru wordYour job in Real Estate Investing is to pick residential or commercialChoose to be licensed or notSo your toolbox up with Wholesaling, and fixing flips, subject to, lease options, installment sales, private first mortgages, joint ventures, and learning how to negotiate with sellersLet me know if I can help you with that

Now, maybe the planning commissions haven gotten smart since the crash of '08 and stopped approving so much building but that housing glut had a sincere impact on the housing crash back then.  

I am extraordinarily motivated to get started with my venture into Real Estate.

He needs the money for another business venture and his business partner is putting pressure on him to make a decision.

There is nothing that will stop you from getting everyone on the title after the loan is in place.

(We did this to keep our debt ratios down, intent was he would get a loan on another property down the road, but he got sick and stopped expanding our partnership) He and his wife had to sign an agreement to encumber the property, but they are not on the mortgage document or on the mortgage in any way.

Don't let the road blocks we all come to slow or stop you.