If you are raising capital from people you don’t have a prior relationship with, and even people who you do, they would regard you as serious only if you had a professional prepared PPM and Operating Agreement.

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

Politely and clearly, make it extra clear that all information will be verified including income prior to the signing of any lease.  

I had prior MHP ownership experience and all the homes were tenant owned and were about $150 below market.

Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect  July 1 2025Requires:On line application to become a licensed wholesaler  ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.

Spoke with the seller a few month prior to contracting.

Dan, you seem really knowledgable with the market in San Diego and prior to joe McCall I didn't realize how important it was to know your market.

Dutch’s arrogance keeps him from doing the right thing for his investors prior to that and it will take handcuffs to change his mind 

We created the Academy as a way to help those that are "on the fence" about when or where to purchase investment real estate as well as to help those that wanted to learn more about investment real estate prior to investing.

I was curious about Lendbase already prior to reading this post.