If they renew after a year, you do not pay them the interest it simply accrues and is added to what you own them.

This means the borrower may fail to meet loan requirements and be required to pay additional amounts, but the seller simply receives less loan proceeds but at the agreed price as adjusted.

I'm simply saying that other wholesalers MAY think this way.

You also happen to live in a market where the numbers simply do not make sense from an investment perspective.Of course, investing in turnkey properties is not for everyone as some investors are more hands-on, or work with real estate as a full-time business.Chris Clothier has given you some very good advise.

However, if you use a good title company I would simply mark this up (this is what wholesellers do to hide their profits)

This is why I tend to suggest to new investors to concentrate more on finding your own deals directly with the seller.Having said that, if he/she is a good wholesaler and willing to meet with you then you first need to establish whether or not they know how to find good deals or whether they are simply wasting your time trying to learn just as you are.

Since you can also hold personal property with the anticipation that it will increase in value before selling it, simply holding it while it increases in value doesn't by itself convert it to an investment property.

It simply needs a new roof and in the next few years new windows.

thx,ChrisNo, you can not do that under the 60 day rule, however, with your current plan administrator, you should have borrowing provisions and thus, simply borrow the funds from your 401k up to 50% of your vested interest to $50,000.

Would it make sense for me to buy one of these condos as part of a business and rent it to myself, or simply purchase it on a third mortgage?