The wholesaler makaes a fee in the middle of that transaction.

@Lawrence MakA real estate license is good to have a plan on doing multiple transactions… It’s also good if you want to refer buyers to other agents and get paid a referral fee.

Just remember, if you borrow money, be sure that you understand how your investment will be able to pay that loan back.George Maka

Quote from @George Maka: Did you end up going with MRI?

@Jason Mak, As the developer you are not going to get capital gains out of that project - it's inventory and will be taxed that way. 

Quote from @George Maka: I have a new property manager and use the attorney through my PM.

Do you really believe the Fed's of the world will ever allow such to happen, to just clap their hands and say "welp boys, I guess we had a good run, some naka-yaka-maka fellow did us in", lol. 

I am excited to join you all in our journey towards owning the world.Sincerely,Francis Maka

That's why I keep asking you to say it 10 different ways, but none of them have exactly clicked yet for me :-)Now moving on to the example of a normal loan that is not interest only.In this case, there is something called the mortgage constant M, AKA mortgage capitalization rate, which is defined as the debt service divided by the loan amount, DS/LA.

Maybe it could be a collaborative partnership on the property too.much aloha,Danny F aka Maka