Hello everyone my name is Jorel I am 18 I live in Fayetteville, NC I have recently found interest in the world of real estate and have figured out it is the Career I want to do full time I am still learning every day attending webinars reading books and trying to build my knowledge I came on here today to ask if you guys could give me advice on the first step to wholesale a house I don’t really have the income to pay out of pocket and may not get approved for some loans because I have not had time to fully build up my credit so I was wondering if you guys had any advice and if I should go down the LLC route and how to do it any advice helps

Help- What can I do now, county stopped my construction because I slightly overcleared my lot, inspector told me to fix siteplan to show overcleared area and submit and inspector said I will approve it next day.

The CC&R says even when I bought the condo designated as rental, I must in addition get board approval.

The last time a client asked us to do this we got a great tenant and everyone approved and 2 days before move-in they decided to sell. 

You really get so much in RE by the quality of the relationships you have.Ok super helpful but I have some questions - I currently rent our the 2 of the 3 rooms in my house so at least live for almost free but I was informed that if I wanted to buy another home I had to1) if it wss far enough away could go with an vacation home loan 2) I could use the FHA MFH loan (current loan is conventional mortgage) but only if I could qualify without needing to take the income from my current house (I would rent it) into consideration because you need to be over 100miles away I was told to be able to use the FHA loan and take income from a rental property into consideration 3) put 20-25% down and do conventional financing and I dont have that for a MFH not in the hood and would require a cash out refi and not a HELOC as I wouldnt be able to pay it back fast enough or a HELOC4) not take the current home into consideration, get approved for what I can with an FHA and 3.5% down and then pay out of pocket to get a property on the gap between the FHA max I am given and the home priceI am open to your thoughts as I thought I could just turn current home into investment property (over 50% equity) and then go FHA with a MFH and move in.

ADVISE: I am making my first deal ... i have all ready found a lender and I am approved for $90 k.

Here is an overview. https://www.reubenlaw.com/cali...I would also look into utilizing SB35 which is another state law that can get you planning approval within 60-90 days which is light speed compared to the 12 to 24 months it normally takes - or longer if there is community opposition to the project. 

**Time: Once permits are approved, we estimate the first model to be done in 2 months.

Estimated cost of construction- $75k/unitOnce permits are approved, we estimate the first model to be done in 2 months.

Any advice would be greatly appreciated.Very unlikely to happen - the HMLs collateral is the subject property, so they will need to see the deal in order to provide financing approval.You may be able to get a proof of funds and some preliminary approval from some HMLs based on your liquidity, but before you get too far along in the process, most HMLs will want to see a deal.Hope this helps,Michael