This model works well for infrequent transactions that are not too time sensitive.A Checkbook IRA LLC.

All of this is conceptual at this point, however:The community owner, or Lonnie Dealer, or street retailer would select and buy whatever homes they wanted to sell - new or late model used.

I have a deposit for the model 3 as we probably going to buy 2 of those.if this roof is as advertised I will put them on everything I touch.

If you are an investor who started your journey through real estate by house hacking without much money of your own, what tips can you give to an aspiring house hacker that is currently looking for a multi family home in Tampa preferably a fourplex, duplex, or triplex with a detattched bungalow or Inlaw suit to owner occupy.

I am new to REI, but I aspire for better than my current circumstance, as it seems that you do.

Right now, my model for partnership really isn't a formal partnership...it's looking for those with cash (or cash like substances) that want to be cash partners but want to control their risk.My secret to partnership (not that big of a secret really) is to only form partnerships with others that can/will do either:1 - What I can't do2 - What I don't want to do, or the most important one,3 - What I shouldn't be doing (even if I can do it).

Bigger Pockets has inspired me to pursue my passion for real estate and investing. After completing two bachelors degrees (a BFA & BS) and still struggling to figure out what I wanted to do, I found BP. Listening ...

I am in the process of putting together a business model that can replace my "job" income and build wealth for me and my wife and ultimately my children.  

To avoid anchoring on the $500 number, I want to clarify these would be leads that:Have all but agreed to sell their propertyHave given a fairly low price compared to marketIs highly motivatedIs looking to sell immediatelyRealistically, most "leads" would sell for $50-$100 - this is someone ready to pick up on the other line to hear someone make an offer on their house,  with you as the wholesaler equipped with some other basic information about them and their needs/wants.I'm not sure which sites you're referring to, but from my experience in using Listsource and Melissadata, I expect to spend at minimum ~$100-500 in mail to get a call back, not including the cost of the list itself, without any sort of information on the potential seller, which leaves me at a disadvantage from a negotiations standpoint.Regarding your mentioned model - we're definitely exploring the option of:Significantly reduced cost per lead with profit sharing models for the more risk-averse individualsNo upfront cost/lead, but higher cost/lead if a bulk of sales ends up in a salePete

Once I'm funding things 100% on my own, I can see me moving towards the model of paying for nearly everything.I also enjoy the hands on work.