anytime i have been out and about and the subject of my profession comes up there always seems to be a curiosity.

Just out of curiosity, how do the numbers make sense on the Plainfield house because even at 94k plus 20k in work, you are all in for $114,000.00 Now if the house sells for 135k tops, then you are walking away with $21k.

out of curiosity, what is the square footage of that property?

Out of curiosity, where did you find the property?

Just out of curiosity, did you find Traction REIA to be more geared toward selling or education?

When you dispose of the property, costs of management our other amounts as accrued are paid first, say you sold for 100k later on, the LLC is paying management and any other fees first, say 40K then, 60k is the profit to distribute.

@George Frye No, you can't go by annualized payments and call it good in the note business, you need to amortize the loan applying payments first to accrued interest and then to any late payment, if any, then to principal for each period.1st payment period; 25,000x8%=2,000/360=5.56x30=166.67500-166.67=333.33 (subtract late payment if any)= application to principal, here it would be 25,000-333.33=24,666.67 for the balance of principal for the next period.2. 24,666.67 x 8%= 1,973.33/360=5.48x30=164.44500-164.44=335.56.24,666.67-335.56=24,331.113. 24,331.11x8%=1946.49/360=5.41x30=162.21Say this payment was 1,0001,000-162.21=837.7924,666.67-837.79=23,828.88 is the new principal balance for the next period4. 23,828.79 x 8%.......and so on.Notes are on a 360 day basis, divide by 30 for each period.

My gameplan is going to be educate myself as much as possible over the next year or so while I put money into my 401k(company matches 5% so I don't want to pass on free money), Roth IRA, and accrue capital to approach my first investment well equipped.

Out of curiosity, are there special qualities this particular wholesaler has that the others lack?

Just out of curiosity what were you expecting to pay?