He was fantastic to work with and a really friendly guy.

He was fantastic to work with and a really friendly guy.

Account Closed, that's a fantastic case study!

The services like OnlineEd have fantastic information but they try to fill the required mandatory hours and it's like reading an encyclopedia.

@Robin GravlinFirst let me say fantastic job on acquiring these properties.  

@Chris Mason Fantastic, that's good to know. 

Yes,  I know a few great wholesalers. ) @Cody Stone is fantastic.. 

@Adrian Gonzalez sounds like you have a fantastic work ethic.

Read "Multifamily Millions" by Dave Lindahl as a start... fantastic read, and really sheds light on why to scale to MF.

: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.