I searched and found many forums similar to this topic, however most of the died shortly after starting with no in depth information explaining the difference between residential and commercial wholesaling.I have found a great deal on a 7 unit complex that should sell quickly to a rehabber/investor, but would like to know how different it is from a residential purchase agreement and assignment contract?

Thanks for the quick response

He calls me and says; "I have 123 under contract for 25k" ARV is 100k and it needs 35k in repairs.So taking a quick glance at the numbers we're looking at between 30K to 40K in profit assuming all goes well.

The quick and dirty 50% rule would say that with $1900 per month coming in, $850 would go out in expenses, leaving $850 for the mortgage.

I'd let him out sooner rather than later (heck, let him leave by July 1 so you can get it leased by August 1) Around here stuff goes quick if it's priced fairly.

Realtors are great deal killers and since MLS inventory is very low in most places, they'll sell that house pretty quick if priced right.

John Fossetti That sucks how every time an investor finds out technique to help people out and get deals done the banks quickly close the loophole.

Thank you @Steve Babiak and @Mike Hoefling for your quick responses.

Anthony Woodard just a quick "what up" and "welcome aboard" to you Sir!

rob, you are right... the multi's in our area are terrible when it comes to CF. in fact, they lose money and i dont know who'd be dumb enough to buy them.look at this picture. just a quick look tells you that besides the first 3, the rest are not making money (all 2 units for over 90k????)