Wholesaling as taught IE tie up with no ability to close and then assign is going to get regulated out of existence in most states its already happening and it is illegal today in Florida as well.But that all said. 

I never reccomend Fulton to newbies unless they're in this for the long haul, are confident in their ability to score a killer deal with plenty of margin, and have enough of a war-chest to rise out their learning curve.

Here's a general picture of how it works and its implications for both buyers and sellers.Benefits to the Seller: The primary benefit to the seller in a "subject to" transaction is the ability to quickly unload a property without having to pay off the existing mortgage immediately.

It is not as easy and intuitive as Mint and Monarch, but I think the ability to customize it however you want is worth the trade-off (if you like spreadsheets 🤓).

However, it can be helpful to create an alliance; this requires identification of individual responsibilities together with legal documents and the selection of partners who possess different abilities.

does this have to still follow dodd frank with establishing borrowers ability to pay etc. ?

These factors can impact the ability to develop or renovate a property and the tax implications of owning a property.Zoning RegulationsZoning regulations are laws that dictate how land can be used within a particular area.

Many people use hard money loans to do the initial purchase and rehab, but I believe those lenders typically want to lend to investors with experience because part of the criteria is evaluating the deal itself and the investors ability to execute.

So lets say the property is valued at 200,000 could a brand new LLC borrow 150,000 to 160,000 to purchase an investment property where the rent would be 1400 to 1500/month.Or since I own the LLC is it strictly based on my ability to get financed?

You also have the ability to go through an LLC if that is the route you want to take and do not have a cap on size/concentration limits.