Message me if you want to chat further on this, I'm in touch with the sales office already. 

But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.

I will receive my initial capital investment back for the land upon sale.

Hello everyone,We are selling a house in Richwood WV 9( sales price $55k)and we are going to carry the paper on it. 

The “due on sale” clause does not, in fact , legally CAN NOT, prohibit a transfer of property where the mortgage lien is not paid off.  

So a Joint Venture offer needs to be double an offer for a traditional sale to make up for the tax differential.  

Purchase price: $100,000 Cash invested: $6,000 Sale price: $189,700 Purchased townhome with 5 year interest only balloon loan for $100,000. 3.5% interest.

In wholesaling, you are acting as a principal (buyer), so you will need to sign a purchase and sale agreement with the seller.

Basically catch up all the back payments the seller owes to stop the sale and make their payment until you refi. 

Also, you will assume the Basis in any real estate holdings which could have future capital gains implications.Pros.This is a great way to take over an existing loan subject to that would be really hard for the lender to claim due on sale default.