Thing to consider our...FHA fee is 1.85 %VA subsequent is 3.3% That is alot on 460k purchaseWhat I have to bring to the table is similar since VA is jumbo loan I will still need bring about 10k to the table since I need to guarantee the amount over 417k and with FHA I will need bring about 15k for down paymentsIf I use VA I have to refinance and see loss of $900 rental income.

Subsequently, I am in the infancy stages of the "practice" of real estate, and most interested in learning the process to build wealth. 

If they sold it, or if they service released it to "Bank of B" and the borrower subsequently defaults, does "Bank of B" have the assignment of the note from "Bank of A" to "Bank of B" so they can foreclose?

The wholesaling was a business activity, and the 2 CPAs I asked said that it is definitely a tax write off.My reason for asking is: I don't have a LLC/corp associated with my rental business, so would this wholesaling campaign be included as expenses for a property that was purchased subsequently to it?

Currently living in apartmentWorking full time as a management consultant and also in grad schoolLiving below our means and currently building savings for emergency fundsBlessed with a promotion that will allow us to build savings at a faster rateEstimate to have $30k in savings in 12 months time (depending on how well I control my Chipotle cravings :) )Plan for first property acquisitionfirst property will be primary residenceFind distressed / REO property (4/2/2)use FHA 203k loan to roll in rehab cost and put 5% down (heard doing 5% instead of 3% means no PMI, need to verify that)Plan for investment property acquisitionsAssume rehab yields 25% ARVUse HELOC and savings to purchase first and subsequent investment properties as soon as possible.Overall I'm looking to force equity in a primary residence and use HELOC and savings to start acquiring properties.  

Probably five times a year I encounter someone that read blog posts about the wonders of LLCs, who subsequently shoved all their assets into an LLC, who then (depending on their income and DTI) cannot get a fannie/freddie mortgage for two tax years because they didn't check with their lender first.So they have to purchase using 10% interest from a hard money guy instead of say 4.375% from a conventional lender.

Google, FB, Slack, Uber will not crater. 

It's actually less than any commissionable mutual fund since this commission is payable only in the first year, not subsequent years as is the case with the majority of equity investments.

I, for example, do not allow rentals in my communities of any kind, and I certainly would not let you buy a home in my community and resell it either for cash or seller finance without my prior approval of both you and the subsequent owner.

We've also referred close to 2 million in listings and subsequent purchases.I'm not sure if there are laws or ethics involved, but at this point I certainly want to start knocking off some fees.Originally posted by Tom T.