I'm still gauging the motivation but wanted insight as to what all comes with trustee sales.

Your wife may be the one I spoke of in regards to being groomed to find you the deals.Whenever a newbie wholesaler brings me a deal (we rehab as well), I want to know if it's a motivated seller that only he/she has found or simply something listed or someone else' deal.

When you buy in the two above markets, tenants you attract are decent and a good PM should screen out the remaining bad apples while ensuring no issues go too long w/o being resolved ensuring good cash flows.I have been cultivating relationships with PMs, rehabbers, and realtors.

Remember, that passive investments do not mean that you remain completely passive and never check in, follow up and keep your records straight.

If the funds remain as a loan after the work is done, I'd say it is not compliant with the intent or purpose of the exemption.Besides, 10K might not get you in a true lending REIT, a registered firm. 100K minimums!

You can ask questions any time, learn from thousands of years of combined experience, and get motivation to keep moving.

Here is the situation:-motivated seller that is willing to seller finance and/or lease option-asking price $595,000-3 duplex houses on one lot (2 units rented out for each @ $1175-4 units vacant with potential of $7000)-separately metered -tenant yearly leases-one house needs a full rehab (interior & exterior) -$4596 yr=taxes; estimate $1200 yr=insurance-seller ok with 10% down-zoned for commercial & residentialAny suggestions or ideas.

If you get all the way through the UD and she's still not motivated to leave, you can call adult protective services.

Freelancing pays a lot more if you're properly motivated and since I know most of my friends work history and know that he is a hard worker who has a IATSE local one union card in NYC, that he will certainly be able to afford the payments.

Is there any chance I could get a loan for the remaining costs?