There is no obligation to buy all 3 homes as a package deal. 

An attorney (structuring, buy/sell, etc.) and CPA are two vital elements to this equation.

Purchase price: $289,000 Cash invested: $300,000 Sale price: $700,000 I purchased this 912 square foot ranch style home, after living in the home for two years I demolished the home to foundation and rebuilt modern while incorporating architectural design elements of the area to create a congruent and updated property.

By obtaining multiple financed properties you could be using up a few of your slots out of the 10 available under your name.Commercial banks can do blanket notes which have less favorable terms (3, 5, 7, 10 yr balloon usually) and rates will be a bit higher typically than conventional.A lender who packages all mortgages together in one transaction could underwrite and order docs on all files at once (3 set of docs, 3 mtg notes, 3 trust deeds etc) for signing so could be very streamlined.If These properties are to be held for income producing purposes the least expensive money with the most solid 30 year fixed terms with be conventional financing, but even with conventional there are pros and cons.

Most states require HOA resale disclosures during sale with a right to exit contract within x days' review of resale disclosure package, so if you don't like the rules or fees, you can exit the contract without penalty. 

I hashing out this creative strategy I’m piecing together and i wanted to know if it’s already a thing or even a good idea at all 😂Here goes:I want to use the “purchase agreement” element from wholesaling and combine it with the creative financing lease options provide but without tenantsFor example:Bob = BuyerTim = Wholesaler with private lenders- Bobs trying to sell his house for $30k- House has an ARV of $200k- House requires $50k in repairs- Tim has access to $100k in private lender money So in short...ARV = $200kAsking = $30kRepairs = $50kMOTIVATION:The seller is motivated because he can’t afford the rehab and is tired of holding on to the place and he’s not budging from $30k because that’s just breaking even for him and every wholesaler wants to offer $12k so they can include their finders fee hypothetically Tim offers Bob a creative deal where he can get him the price he wants but it’ll be after they rehab and sell it 6 months later at mostBob is interested in hearing the terms since he’s desperate, he also owns the house free and clearTim offers a 10% deposit towards the asking price ($30k) which is $3,000 plus $300 a month as cashflow to the owner while rehabbing the property (6 months max) which will cost $50,000The deposit and cashflow go towards the overall principal So far Tims costs are...Deposit - $3,000Cashflow - $1800Rehab costs - $50,000Reserves - $15,000Closing - $10,000Total - $79,800 Tim gets a private lender to finance the $79,800 with a 10% return in 6 months and it would be paid back all at once so about $7,980 in interest when it’s all said and doneTim sells the house for $200,000 $200,000 - Gross$25,200 - Goes to buyer $87,780 - Goes to the private lender $10,000 - Goes to closing costs$77,020 PROFIT So the play here is that you only pay for the rehab and deposit/cashflow up front and don’t pay the actual purchase price until the house is sold and it comes out of the grossConstructive criticism is appreciated lolPlease no keyboard overlords who get off on sounding righteous and right 😂

Property B will add the cash flow element that will help you offset Capex expenses in the future.

The most important element of management here is setting up a system that is self sustaining...and repeatable. 

My other recommedations would be to purchase the bigger pockets lease package for your area.

I really don't want to explain my business every time I submit a package.6.