The input you are receiving from this wholesaler is garbage. 

You have a bigger loan, but not a bigger tax basis.

There is a lot of new things about to break ground.

These scenarios often can be a real nightmare.

Investors only receive a share of the income you actually generate, you will not owe a fixed repayment block.Difference here is that this model is for owners who either don’t want to take on more debt, can’t qualify for the financing they need, or have little time.At best, this is word games. 

In 2024 I added a half bathroom our of existing space in a high cost area (over $2k/ft). 

I received a call from someone who you could tell had very little knowledge of multifamily investments and asked for some proprietary financials.

Biggerpockets probably not the place to find someone to buy a note against a business as most of us are only real estate. 

I looked into a program that is called the rei accelerator and they said they will guarantee me a deal of a 60+ unit apartment building in the next 4 months and i will get to a closing table and generate $20,000 a month off my first deal with working with them.

I use Rentredi.I also use Paypal, Zelle, Venmo.I make it as easy as possible for people to give me money.I track it all in a spreadsheet for many properties.