A local bank might do a portfolio loan for you, and after a seasoning period you could do a conventional limited cash-out refinance (maybe 6 mths seasoning) to lock in the 30-year rates.

My conclusion so far is that I won't be a Realtor yet because getting your license does limit the types of deals you can do and how you can be involved with them.

Jay VelasteguiI don't know if its more lucrative but it fits my long term goals and lifestyle.

By doing so, as I've read in a number of articles, you don't limit yourself to that 'not too high' goal we've always been told to achieve.

Although if they have 165,000 in it then at 190,000 they would be at breakeven or a little profit maybe after resale costs.Sounds like maybe the seller underestimated the amount the repairs would cost on the property and are trying to dump it now and limit losses.

Only you can decide if trusting in this wholesaler is a good move for you, but if you plan on doing both, career and wholesaling on the side, then you're moving forward either way, not limiting yourself.

If you don't specify a limit in a lease, tenants will end up moving in their girlfriend.)- Are parties allowed?

I have come across mentions of lender limits on the number of properties you can carry.

In my opinion, I wouldn't limit yourself to type of house or even neighborhoods.

You can do it, and you can charge, but the limitations in this act pretty much mean your client doesn't have to pay you and you have no recourse if they don't.