It allows you, the wholesaler, to transfer your rights to purchase the property to an investor.

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Explicitly tell them what you're paying for it so you can get the exact number.Also, we do a 25% property tax relief in SC under the ATI bill - so if you fill out that form, you will get a reduction for 5 years.Info below:ATI Real Property Tax ExemptionSouth Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market value” that is the result of anAssessable Transfer of Interest.

He prided himself on being hands-on, convinced that no one else could do the job as well as he could.One evening, exhausted from another 14-hour day, Michael met with his friend James, a seasoned real estate investor."

If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

Please hand him a 3-day notice and evict him as soon as possible.  

On one hand, if a sponsor was that successful in flips (high margin, fast turn), they wouldn't need a fund.  

First hand it's doable but you need to develop a trustworthy team. 

It is fun if you have the time on your hands.  

What is best for a newbie with little cash on hand?