The piece missing is what percent of existing stock the new permits represent, you'll have to find the total size of your market from other sources to complete that calculation.

Totally true.You're in a great region for buy and holds.

My name is Raphael and I just turned 22 in the DC area.I have successfully closed 3 wholesale deals currently, but came across a situation with 2 Multi-Families that seemed to need a more creative approach.Check it out..I have a seller that owes 2 Multi fam buildings.Wants to sell for 1.2 Million.Willing to do Lease Option or provide seller financing.Needs at least 600k Down...Now..I have a NY Buyer ready to put down 750k and purchase it total at 1.4 Million.Obviously financing the rest.1,400,000-750,000=650,000What is the best way to work this deal out so I can provide a WIN for everybody and still make Big Bucks!

Bob never has the knowledge that agent z was an owner in the LLC and b/c of agent z's advice to take the offer bob took under market value for his property) A scenario like this is totally against license law.

What I meant was that the total monthly payment for principal, interest, taxes, and insurance combined would be about $262/month.

Sorry, now I need to briefly clarify because I relied on the comments in the thread rather than your initial scenario.

There are options to buy with a bit more down (5% total) and buyout the PMI with conventional financing.

Until it closes.This deal can totally be done, but it would probably take a third party escrow to handle the assignment fee and you would either change vesting to their name etc...

Totally doable!!

Had him in my phone under someone else...Totally didnt remember meeting him.Next three were agent deals.