Farmers must choose to plant, and the crop must come in.

Jeff88, while that is a good call, it is important to understand that many people see Real Estate as a much higher risk investment and simply don't have the knowledge or the cash flow to feel comfortable with it.Some of these business models are in realy excellent for cash flow while also allowing people the time to then get into real estate.In any event, I would suggest that people don't have to 'choose' between such a business model and property investing - I've chosen to do both, as well as running my construction business.So while the point you make is valid, the broader concept is that we use our cashflow (whereever it comes from) to invest in property, to build our long term wealth.

I know we're missing information here but it just doesn't seem like much of a deal unless you have very deep pockets and plan to live in it for a very long time.Since you're a first home buyer, look for homes that need basic cosmetic work such as paint and carpeting.

If you were to quit claim the property into an entity that Josh Smith owns, then yes, the bank would consider that a transfer of ownership and the due on sale "could" be enforced at their discretion.The point to this subject is getting financing for an investment in which you choose to hold in an entity for liability protection, amoungst other things.

What made you choose the Wholesaling aspect after being involved in investing for 3 years?

It needs work as far as updates to cabinets, bathroom fixtures, and some paint, etc.

If the tenant buyer chooses to exercise the option, they will get their own financing and pay you off.

Never mind all the costs associated with the two transactions, the new roof that had to be put on, the new sewer line, the city's assessment for sidewalks, four coats of paint and a complete set of appliances.So, do I think you should buy this new residence at retail?

The house will need all new paint and carpets to make rent ready.

I was paid to learn the business this way and it gave me a wealth of confidence in choosing the property to invest in.