Good afternoon!I am reaching out as someone who is fairly new within the market and wanting to see what type of stories you guys have from your experiences with REI in this market. I am eager to connect with you all a...

Might be good to grab a 50k house that needs 15k of work to be worth 90k and rent for 1100 somewhere.

Also, would you recommend seeking a lawyer to prepare contracts for wholesaling or can I just receive help from a real estate agent to prepare the needed documents? 

If an investor is a limited partner, they must understand that the gross profits will be diluted by the compensation that’s paid to the manager and should have an understanding of how much of the deal’s profits they will receive if the deal is successful.

@AllenSure thing bro shoot me a message and we can grab coffee any time and share ideas with one another.

The 6-month period is coming up and I received the following from a title company seems to be the escrow company handling the case.

Hello all, So far I have only done buy-n-hold rentals in LLC partnerships that were taxed  as pass-through entities and I received K1 for my part of things. 

I will now be paying more attention to that factor. 

Thank you all for your responsesSo just so I got it:it probably wouldn't benefit me to use a HELOC for a rental property as the cash flow wouldn't be substantial enough and I'd have to continually pull from the HELOCEven if I do receive a HELOC for 80k, if I pulled 50k from it, I'd only be responsible for INTEREST ONLY of the 50k I pulledtheir will be closing costsDoes that about sum it up?

Two years ago, I received maybe one or two generic letters a month from wholesalers asking if I wanted to sell one of my rental properties.