In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Jim Let us know if you are still interested in the group and sharing of information.  

BiggerPockets and Facebook groups can also be great for networking.Feel free to reach out if you’d like help connecting with agents or investors in Illinois or Wisconsin (Have some amazing referral partners)—I’d be happy to lend a hand or share resources to get you started.

I cannot speak to the IRS compliance as I am not a CPA but I am happy to share some of what they do, as well as assist in any management and/or acquisition questions. 

So, when asking is Austin still a good place to invest, maybe one should add: relative to what other location.  

I'm sure OK has its share of dumps but you really have to drive around FL to truly appreciate how much low-cost housing there is.  

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

seems to be with the power of REI nation in the market place wholesalers would be lined up to present deals to U guys first .. invite them into your offices and give them the tour like you do your retail buyers..

Idaho, Montana, east Oregon, and Nevada are all places we could potentially go.

@Samuel Diouf, thanks for sharing that article.