its a simple matter of them being uneducated on what wholesaling is and they fail to realize that anything we do for them after closing is to help them and is a mutual agreement. 

You’ve got a good system going, to find and get funding for these acquisitions.  

Screen tenants thoroughly, have a solid lease, and maintain an emergency fund for unexpected expenses.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Because of this, most of our clients refinance their properties somewhere between year 2-4, using the funds to buy another property.

@Bhushan Shinkre  I am wondering if the fund removal can be reported as credit card fraud.

You have numerous funding options so pick your poison.

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.