Not sure if you pulled the trigger, but I was nervous to go from LTR to MTR.

So as to not rehash everything here again this week I'm going to lock this post as well because I do feel that the information that needs to be available to the public to make informed decisions is out there, and I don't want this to turn into trolling with no educational value to the community.

The good wholesalers will have experience, knowledge (provide accurate ARV estimates or at least close), integrity in putting together win-win transactions, and a list of actual real cash buyers ready to buy (or capital/ capital partners to close on the property themselves if they can't find a buyer), so that the seller isn't left in the lurch and harmed by having their property locked up by someone who doesn't actually have any buyers or a clue on how to sell the property, or any money to buy it.

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

Also if they do accpet appilcations you need to have experience in BPO's and have all your ducks in a row to start listing, i.e. e&o insurance, licnese information vendors you are going to work with to change locks, trashout and property preservation.

Thank you.Once you get a good foundation and you are financially ready to buy a property, pull the trigger on a solid deal. 

Then if it grows and an opportunity presents itself in real estate then I may consider pulling the trigger on a new deal.

You want to get a countersigned contract now with a closing date in February to lock it up.

@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.

In your case, the agent also wants to lock you into a future sale, but that doesn't incentivize her to place a good tenant.