It would be 2 lenders financing the mortgage with the below structure: Mortgage: -1st - at 70% LTV $244,300 monthly payment of $1303.81/mth -2nd with Private lender at 15% $52K total 85% LTV monthly payment of $634/mth (INTEREST ONLY LOAN) The lender/brokerage fees to set these up are roughly $7K-10K $52,500 Downpayment (15%) $8.5K FEES Total Cash - $61,000 Mortgage + Expenses = $3085/mth I basically don't have 60k so I'll need to open a LOC to cover half of that amount.

If they have been a great tenant and I would like them on a loner lease, I will offer X for a 1 year and half that for a 2 year.

I saw where he said something like "the easiest money you'll ever make!"

Almost half of the houses have equity less than 100 percent all the way down to -68 percent.

I'm not going to tell you the wholesaling is illegal, but the easiest way to avoid any questions it to actually buy the house.

Dan,The easiest way to get in is MONEY.

This will be one of many closings and I already know this will be the easiest deal of all I will ever do.I want to thank the BP Nation for all the quality, indispensable advice and also because never in my wildest dreams 10 months ago (give or take) when I first found this site and started combing through it and digesting everything I could, did I EVER think my first paycheck would involve 2 BP rockstars.

Your loan amount will be 32K at best, most likely 30K, both below most lender's minimum loan amounts.No LLC owned individually with less than about 5 years and a net worth of less than a half million would be seen prudently as carrying it's own weight, credit on business entities is pretty much a myth for small investors.

Welcome from a new BPer also in NC, about a half hour south of Raleigh.

Probably about half the calls I get are from people that think I am an agent looking for a listing even though my marketing clearly says otherwise.