Hi everyone, i'm very new to wholesaling, watched a couple videos by Flipping Mastery TV on youtube and after some research, thought i'd do my first few offer calls.I was able to find 2 seller's agents who are interes...

And need an LLC to initially secure a lender as well if going that route

The seller remains personally liable on the note while no longer owning the property securing the note.2.

If one of them are staying than we keep the security and tell them that they need to figure it out themselves.

I don't withhold security deposit returns for BS things.  

I know I need to learn all local regulations, why the property is available, if the current tenants have leases, all of the financial analyses (Let me know if any of you have come across something I might not know), section 8, available grants, and possibilities to finance the deal if the numbers work.  

Security Deposit: Follow Oregon’s rules—return deposits within 31 days with documented deductions.5.

Unless you're 110% confident in the MF purchase and you can drive up the value of the building quickly (6-12 months) and then secure longer-term fixed financing to pay off the HELOC or loan. 

This financing option provided the flexibility needed to secure the land and begin planning the development of 12 patio homes and two duplexes.

By highlighting my ability to close quickly and my plans to enhance the property's value, I secured favorable terms that fit my investment goals while laying the groundwork for the broader development project.