@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

Hey all, as the title states I'm brand new to the real estate game and I'm looking to find people in the area who are willing to loosely guide/teach me how to wholesale/flip properties.Are there any networking events in the area I'd be able to connect with?

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

Based on what my mortgage broker told me a couple of days ago, these rates are in the low 7%'s, whereas the secondary home loan is low 6's.

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

But based on him saying that the loan is "being paid off every month by my buyer" it seems that we're dealing with A, subject-to.We need clarity, Anirudh.  

My name is Monty, and I’m based in Freeport, Florida.

They vary based on the note. 

Originally posted by @Ryan Allison:@Kevin Chandler Hartford can vary street to street but with your price range you should be able to land something there based on what you're looking for.