$3,200 is probably a decent rate unless it’s new construction.

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

I’ve been in contact with the Better Business Bureau about them  cut your losses and go the other way. 

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

And you are looking at an interest rate around 7% instead of over 10%. 

The terms are also similar to conventional investment property loans - 30 year fixed rate, 30 year amortization (or up to 10 years interest-only).

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

Does anyone have any contacts they wouldnt mind sharing that can add me to their buyers list?

We've been able to rent properties pretty quickly, just as long as the rental rate is appropriate!

I recently watched a video on social media that mentioned the way he was buying properties and yielding the benefit of the sellers low interest rate is having the seller put the property in a trust and then purchasing the trust.