Originally posted by @Nicolas Beaujean:@Alicia Marks Under contract on my first in Newport RI, projected 50k-80k/year net but we’ll see how it goesEquity partner is out of cash, any recommendations on lenders/partner?

It's a small town that still qualifies for USDA Loans but the 101 freeway runs right through it. 12 miles south is "the happiest city in American -Oprah " San Luis Obispo. 15 miles north is Paso Robles which was a traditional farming community until wine showed up. 12 miles west you have Morro Bay a nice beach community.

Yesterday we had nothing hard scheduled after 1pm so we headed up to Seneca Lake and enjoyed some wine tasting :)My spouse has 30-plus years experience in real estate and is a Realtor (broker) and former developer, mortgage broker and mortgage lender.We are currently focused on creating home ownership opportunities in Elmira NY.  

Well that is enough wineing I want to thank the both of you for your advice.

I guess lots of green tea and wine this weekend.

Originally posted by @Nicola Mattis:I've used UPS business address service, which allows you to create a street address that you can use.

The other a serial entrepreneur who ran the largest wine concern in the US and took it public.One owned everything in cash period and had no debt the serial entrepreneur had all sorts of deals going and believed in debt and financing but that I am sure because of his background running public companies.In our business we borrowed from banks ( credit facilities) to loan to those that needed MHL's and we made the spread which as you know is pretty nice, but even those facilities required us to have 20% of our own capital in each loan.So the capital structure of each HML I made was our strip of capital ( cash) at 20% banks at 80% but with the bank never being more than 56% of appraised value. if the loans were higher LTV we needed more cash.So at the end of the day I think it depends on what your doing how big you are and of course your deal flow..As I move forward loaning money I require CASH into each deal I do with very few exceptions.So combination of cash and OPM seems to be the right formula..

Hi guys,

I'm a beginner wholesaler in the Milwaukee area. I took a look at the Wisconsin Agreement to Purchase and it is so convoluted! I wanted to know is this what most wholesalers in the area are using? If...

Originally posted by @Nicolas Paez:As a former Fannie Maer, don't do itCan you clarify.  

Basement is unfinished and split into two parts(one per apartment), but would like to connect it, set up part of it as a workshop room, laundry room, wine storage area, and possibly media room.