@Zach RumfieldEstimating an ARV involves using public sales data, subscription services, local tax assessor's website, real estate agents, CMA tools, and local appraisers.

This strategy involves having a third-party entity hold the replacement property while you complete the sale of your relinquished property.

I don't know how IL laws are but I think in most places a local municipality can only charge a fee to provide a service and the cost of the fee must roughly correspond to the work involved in providing the service.

If anyone is open to sharing advice, offering guidance, or involving me in hands-on work that could enhance my learning, I would be very grateful for the opportunity.

After speaking to a real estate investor recently, I got to find out that one of the most important things for wholesaling (if not the most important) is networking, that goes from buyers to listing agents and everyone involved in the sale and purchase of a property.

When I acquired my own portfolio I did so largely by my own version of BRRR which involved paying cash for a property, fixing it up, renting it out and then a year later getting a Wells Fargo HELOC on them and using that money to buy another house.

They are pretty involved in making sure the property is updated and functional which ends up reducing the amount of $ offered, or if the property needs maintenance repairs Flock might not offer on it at all.

I’m going to lend  to a few people I know with LLC ‘s  on some mortgages and receive interest , I am not putting myself out to public lending just some commercial loans as LLC single member pass through  , do I have to pay local taxes in Florida , I have no brick and mortar , no employees , just LLC in Florida and live in Texas , there is no work involved I just receive interest .

Once most people find out what is involved with licensure they won't do it.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.