Jacob Calbillo hello I hope your doing well with your real estate endeavors I wanted to know if u did the LLC AND SPLIT THE K-1 and how did that work for u and if u didn’t why u chose not to I live in PA so I know things vary from state to state but would like some guidance

Don't forget you need plinths in the corners for L or U kitchens (especially for frameless).

Thankfully, real estate and other key business have been deemed essential and have permission to continue operating during the executive order.Page 7, Section U of the order states that the following business will be considered "essential."

wholesaler is really the owner and has no debt on the property sounds like and you have the 120k in cash to execute the rehab.Just have to do simple napkin math.ARV 800k  you said it was around 810 so let use that.selling commish  @ 5%  40k  but maybe you have an in with an agent and it can be less or it might be 6% so lets go with the 40k615k  and if they are throwing it in with ZERO cost of capital  ( which would be great for you)then you have no interest carry.And if there is no closing IE your not buying it up front there is no escrow costs or title insurance although if I was U I would order a title report on it and make sure he owns it and there is no debt or other liens or encumbrances that would foul up a say.Tax's utls  during the process depending on what state its in Tax's could be as high as 15 to 20k for the year. and utls say 200 a month..

I have a PhD in Business from Real Life U and Google Search, a MBA in Marketing from Bing Search, and a BS in General Studies from Yahoo Search...

Here in Canada, as a first time home buyer u can put 5% on ur first property.

Where to Buy:How to Buy:What to Buy:along with the sleep well live well principals of risk management.some of it is personal preference some of it is just math  IE the cash Vs Leverage debate.Paying cash has some advantages U can usually drive a harder bargain. 

Agree with @Mike Moseesix years ago $75k would have given u a decent house but not anymore. cordova, bartlett, southaven are good rental neighborhoods.

U guys are definitely an example of the type of investor I wish to model after . !!

Can I speak to u Rashard?