@Arno Karssen I spoke with a Stacie Mansell from KFN last week (6-25-18). She told me that I only needed $1,500 to get started. $500 for Earnest Money (that I would get back after the property sold) & $1,000 for the 1st monthly Membership Fee. But if I'm not mistaken (bc she was talking pretty fast) after that was paid it would be something like $2,500 a month for membership fees. Also, I was told that I would NOT be making any profit from the 1st deal, a very small profit from the 2nd deal and then the 3rd deal I would be actually finally splitting the profit in half with KFN. Which tbh, as long as someone helps me by giving me a chance to fulfill my dreams of starting my own REI Business I'm perfectly fine not making a profit on the first property and little for the 2nd. From my understanding it's KFN's way of gaining a working trust with me, so I totally get that. My ONLY concern atm is .... If I won't be making any profit from the 1st deal and very little profit from the 2nd deal, how am I ever going to be able to afford a monthly charge of $2,500? I mean after I start making profits I am more then happy to pay that monthly fee. But to start charging these incredibly high monthly fees if no money has been made on my end makes it almost impossible to keep up with those charges. I mean did I misunderstand Stacie when she was explaining it all to me?
