If I hire a broker the fee will be 5-6%, wholesaler will give me 20% less than house is worth.

It would be very easy for a location to take rentals and not report the rental so you don't pay the fee. 

You could always ask if the LLCs are a major factor in the cost.

The main factor to build wealth in real estate is the level of interest rates and it's way too high in Canada and the US.

When you factor the SP500 at 8% annually (which is where you are getting +-5mil) that's including everything.

Hello @Michael Santeusanio,You’re right, the two key factors are time and interest rates.TimeThere are two important timeframes with loans:How long it takes to get pre-approvalHow long it takes to close once the property is under contractPre-ApprovalWe require clients to be pre-approved before we begin working with them.

It's the same work to do a $50K loan as a $900K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.

When you factor in all the other costs, there's no profit spread left.

So you have to raise your nightly rate to pay for Airbnbs extra fees so that you can make the same money.Luckily most of my bookings come from Vrbo.

When it comes to the buy vs. the sell conversation I look at a few factors like my return on equity (>8/10%), ease of management, upcoming CapEx needs.