If you’re flipping, hard money may roll the rehab costs into the loan.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).

Rent roll, leases and financials and inspection of buildings and premises.

All units are currently tenanted with a monthly rent roll of $6,416.

But it’s great to have some background from the books when you meet with counsel so it’s not all new to you when the conversation gets rolling. 

@Eleu Lee 4.6 cap,  negative COC, negative cash flow, .65 income to expense ratio, ....are you rolling the dice and putting everything on red for appreciation or am I missing something here?

Do it as soon as you legally can because it’s not going to get better with him and you can always stop the eviction .. better to get the ball rolling now than wait around hoping and wishing he’ll make good in his payment

I suspect I have paid close to a million in wholesaler fees I just don't deal with them personally at the street level. but I do see their fee's on the huds I fund.. but its Highly regional.. out east were you live much more prevalent than were I live.. in fact where I live its illegal and the state is starting to send out cease and desist and fining those selling real estate without a license..

We are looking to start March 2019 as we will have 50k saved up to start.We have have solid jobs in Chicago and are looking at Milwaukee to get the ball rolling,.

Roll your funds over to an ira like mentioned (vanguard, fidelity or Schwab).