There are four members in the buying partnership so I had to heard cats numerous times to get the new lender all the financials, bios, etc. that he requested for the three other partners and myself.After my 60th email to him responding to yet some other small bit of information he needed before presenting the deal to the loan committee I began to get worried.

This may actually be much cheaper for numerous reasons.Enduring success takes planning.

@Andrew Vogt ,You have omitted numerous very important items from your list of costs, both initial and holding.

There are numerous options that must be considered and many costly mistakes that need to be avoided.

It is just a question of which methods you prefer.The key to wholesaling is to generate as many motivated seller leads as possible.I like craigslist and bandit signs.But there are numerous other avenues also.Some are driving for dollarsGet a list from list providerWebsiteLocal REIA meetingBirddogs(mailmen,friends, co-workers,etc)These are just a few ideas.

I think a personal sit down and explanation of the new rules along with expectations would have helped.

@Justin Glass,I never recommend loans with balloon payments for either party for numerous reasons.K.I.S.S.

Heck my first personal home was in Schererville, and I have built around 100 new construction homes in and around your area.I have a few friends around you with numerous investment properties, and your in a great area to realize great cash flow and appreciation.

Jeff, thank you for the detailed explanation.

There have been numerous forum discussions and articles written about LLCs and business structuring.