The cool thing about DSCR loans, is that different lenders have significantly different rate spreads, so shopping it could be beneficial for you to save on rate and fees.

If yes, this is a smart way.There are variables in the middle, but 99 percent of part-time agents don't make it and drop their license within a couple years or just pay the fees and do nothing.

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

Also what percent is the funding fee, 3.5?

The general reason (avoiding any personal thoughts on wholesaling as a business) is that when you have a license, any fee you get for transacting or assisting in real estate must go through your brokerage and they must take their percentage.

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

Also, since you never gave the keys for possession, highly unlikely a judge will even allow you to deduct per diem rent from the SD.After losing a couple of court cases on scenarios similar to yours, we huddled with our attorneys, who recommended charging a Holding Fee.We have a Holding Fee Agreement we require prospects to sign to hold a property until they later sign a lease.

Most lenders have a limit to how many draws you can take from your rehab budget and often it will cost a small fee (you can include that in your budget) so you'll want to confirm if/ what their limit is should you expect to be taking a lot of draws or complete the rehab in smaller increments.

Don't be surprised if the fee disappears.  

Most HMLs I deal with will do that; however, they will probably charge an extension fee.