Incidentally, what I posted is how home loans work in most countries on the planet, the kiddy-glove 30YF is the exception globally, not the norm.For a new and inexperienced developer, banks don't currently have appetite, so model your numbers on a hard money loan at 12% to 15% (I do not offer these).

There definitely has been an increase in last minute bookings or lead time in general.

We make a lot of cold calls, but follow up and nurturing leads is where we lock up most of our deals.

Hey @Raymond Pritchett - Awesome to hear that you are jumping into the Chicago wholesale game....why did you start with wholesaling and what are you using to generate leads?

Even the lead generation: your pitch has to be right, trustworthy and not too aggressive, but strong enough. 

@Titus MeisenheimerTaking your real estate investing ventures global may be both thrilling and difficult.

I asked a rhetorical question, which I hoped would lead you to the logical conclusion that coincidentally aligns with the IRC, Treasury Reg, and SCOTUS case I posted above (please review the prior post, as you are asking for case law which I have already provided).It's a facts and circumstances based approach. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

If property values drop, you could owe more than the property is worth, and missed payments could lead to foreclosure.

After a month or so of getting the house ready, I've fallen in love with improving the home and managing everything the property needs.This leads to the main purpose of this post.