The numbers are a little different ($50k down, 5% interest, property taxes $5k/yr) but the result is essentially the same.

With banks, you face lengthy approval processes, piles of paperwork, and significant time spent waiting—time that could be better spent using the funds to address your initial needs.

This one cluase essentially bans all group homes.

It has taken the last 6 months of the year to come to terms with an essentially game changing mindset: "Track the input and let the effort determine the outcomes"Initially I wanted reach a goal of $100,000 in a year wholesaling real estate.

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

Of course as a seller I might counter with, No, please send your cancellation of sale paperwork and I’ll refund your EMD.

First, it's essential to evaluate the properties thoroughly before bidding.

They're usually full of exaggerations or emotional pleas that are essentially lies.

I've never done one of these, but I would reach out to someone like Jeff Watson for assistance getting solid paperwork in place.

If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.