I'm a licensed Realtor who represented myself in this transaction and I closed on a 4plex in Mesa Arizona beginning of June 2024 for $1 Million taking advantage of Fannie Mae 5% down ($50k) owner occupied loan ($950k loan) to house hack this property.

I coordinate everything because I want to get paid and to get paid, the transaction has to complete.

I would talk to your tax person make sure you do this right for both people on this transaction .

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

The person who handles all your transactions and your account answers the phone EVERY TIME ON THE 1ST RING.

Hello community,I am working towards doing my first wholesale deal and I am wanting to do it as a double closing (transactional funding ).

If you are using accounting software attach the receipts to the transactions as well.

Even if you buy it at appraised value EVERY single investor that buys at market value is under water day one if they have to sell.. transaction costs will eat into the market value..

You may want to consider transactional funding.

I have three deals in loan processing now that have the numbers of:165k purchase70k rehab360k ARV35 day rehab175k purchase75k rehab375k ARV40 day rehab185k purchase90k rehab390k - 400k ARV40 day rehabIn the deals above the Investors will need about 30k - 35k in liquidity between transaction costs, closing costs, holding costs, and first in money to contractor and will will get returned to them at least 125% return on their float within 100 days.I sent you a PM, Seth.