Good day BP friends. I am recently getting back into wholesaling as would like some advice on where to start. I have not had the best results in the past. I am located in Richmond, Va if anyone is local.

On a 7 figure house everything is magnified, if you win its a big win but if you lose its a big loss. 

Are we talking five figures, six figures, seven figures, or more?

One last thing (and hopefully this is not going to be looked at as self promotion or anything because it isn't I truly am wanting to help out and I believe what I am about to share can definitely help out), during my time as at Real Estate Broker I (by pure chance let me tell you, I was not trying to figure this out in advance I just happened to do so) figured out the best way to win a bid on a HUD listing and get it for as close to if not right at the Minimum Net Price (this is the absolute lowest price that HUD will take for a home). 

The rebate is for homeowners or tenants but because the electric bill is in my name, and not the tenants, figured I'd qualify. 

From what I understand, the annual gift tax excludes $18K per person (2025 limit), and anything above that either gets reported against her lifetime estate/gift exemption or requires some additional planning.I’m trying to figure out the most tax-efficient and practical strategy here.

whichever path you go down, make sure you have multiple exit strategies. that is what many are not thinking about - many focus on getting the deal and do not figure out how they are going to get out of the deal.

I figured it’s a big reputable firm no problems expected. 

I figured why have the risk of real estate for average returns.

I figured I could either cry about that or buy up the neighborhood.