. - $6k/ month is our freedom number from a W2- Buy & Hold MFH is our plan (turnkey with PM in place)- This quad was built in 2024 and we're able to secure a 3.75% 10 year rateHow's this deal looking or would it make more sense to go another route?

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.

It does sound to me that a lot of that work should have come out of the tenants security deposit 

Security systems are easily outsmarted, that’s the point of the initial visit, to case the joint. 

I liked the tenant, school is starting back etc, I told them they could pay first month and security deposit and I would let them have the rest of August for free.

It probably would have cost me about $10k more, but I would have still been able to secure the property.

I have mlo in Oregon and it’s the division of consumer finance and corporate securities. ca probably has a version of thathowever I did all my loans with my ca brokers license  

One thing though is that there are requirements coming into effect soon where wholesalers will need to get their license in PA for any properties that they wholesale, so you might want to look into that before it becomes official!  

The buyer may pay off the remaining balance at any time without penalty.2.Late Payment Penalty: A late payment fee of 5% of the overdue amount will apply if payments are more than 10 days late.3.Loan Security: The property will serve as collateral for the seller-financed loan.Hey @C.S.

Hi BiggerPockets Community,I’m Jaedon, and I’ve spent the last few years helping clients secure business funding to grow their ventures.