@John Hall wholesaling is gods gift to newbie real estate investors.I just completed my first deal and made 26k gross.

He emails me: "I will give you 10% of what we get paid in the form of a gift certificate of your choice."

If you have a maintenance emergency, call your handyperson, if you have a cleaning emergency, call your cleaner and give the guests a gift card to go to dinner while the cleaner gets over there to clean.

I intend to use the savings of smaller coverage to gift to the super.

Here is a gift to myself..to inspire you all that dreams are attainable..my 1 of 20 karma fisker color combo!

The rub is going to be how FMV of the property compares to the $15k allowed to be gifted tax free (i.e. your dad can gift you and your sister $15k each in any given year).

Some may be happy 'gifting' the money and making 12%.I understand you want to include everyone, but it might not make sense to have so many people in when you are all just starting out.

The IRS is going to see the $225K difference between purchase price and FMV as a gift and you will owe taxes on it.

All of these terms you have brought up... closing costs, ARV, Market Value, and many more "Loan to Value","amortization","gift of equity" and so on. 

Thanks for the response.... according to credit karma I haveNavy Federal CU $524..in good standardCredit one Bank $687 closed.. reported 2/27/2020First premier Bank $547 closed..reported 11/03/2019Electric and gas bill $179 closedCommission of public works $0 closedDominion energy SC $179 closed zZounds $179 closed Side note: the house in question was gifted to me by my father.