Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

How are you planning to fund the rehab costs?

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

With $15-20K liquid, focus on lower-cost Midwest markets where down payments stretch further. 

If you are raising money in a syndication raising less than $1M can be challenging due to the setup and ongoing costs to manage and run it.

I've seen the actual cost to be around 15%-20%.

.), inclusive of any renovation costs. 

I am looking to buy a property in SLC Utah that i would want to try and run as a STR to help offset the cost.