Always hard money lenders at the meetups and normally some wholesalers as well.Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. 

Some agents will do 3% but asking anyone to do 5.5%(2.25 to each side) is not going to be attractive.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

Quote from @Simon Girmay: Hi Everyone,New to investing as I don't have any properties under my belt yet, but the goal is to have something by the middle of 2025.

I am a fellow investor also looking for my first property but I also have a contracting and property management company.

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Last summer I didn't see bookings all through the summer months, and typically by now I'd usually already most of march booked up, but not this year. 

As others have said, I wouldn't manage it, but if you own it or live on site it could work for you!

We live in a "he said, she said" world, but as long as you have everything documented and a paper trail, you're protected.