My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.

Its enough to find out whether what they own fits what you want o you know whether you want to pursue them or not.

This transaction highlights our ability to identify and execute quick, profitable deals with minimal holding time.

I do have an LLC with good credit, so I’m wondering:Would it be worth pursuing a business loan to save on HML interest rates and fees?

Client rents that house and makes 1k monthly profit, plus has a really good paying job.

Often don't have to be licensed, but ask.If you are serious about all this, recommend getting your RE license AND pursuing NARPM courses.

*the only reason I am not pursuing is because the home is located directly across from my current investment property and I'm looking to diversify my investment locations. 

**Joint Venture Agreement**: If you are partnering with another wholesaler or investor, this contract outlines the terms of the partnership and how profits will be split.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

Then you 2 would agree on how you would split the profits once the property is generating cash flow and the original equity is returned.