Income-based lending is mostly for people with traditional jobs.

I asked him if they’ve heard about seller finance, they were able to understand the concept so they want 20% down and they’d be willing to set up payments, this would be my first time doing this so I’m just looking for advice for anyone who has done seller-Finance in the past maybe some pointers towards how to set up the note etc. thanks for advice 

Very few realtors understand how to accurately  calculate cap rates and many throw out high cap rate numbers merely to lure In unsophisticated investors who don’t know any better.

The title company will find all outstanding debts.I would recommend you also using an attorney since you don’t understand some of the basics….

I personally never used efax, but I know some people who use it.

I know for a fact other people in this city are leasing out garage suites, basements, etc.

I wanted to see what the experienced and knowledgeable people here may have in mind for this situation. 

So, to be of any help to these people, we need to help them understand that (1) wholesaling is NOT investing, in any way shape or form.  

It not a loophole, it's part of the tax code.I would ask your CPA this question, people not qualified to answer this could give you wrong info.

This is not some random accidental homeowner who wants to be a landlord and doesn't understand the PM industry.