I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to offset the income with the expenses... things of that nature.

I did have to come up with the Earnest Money, and pay for a home inspection and things of that nature, but costs were minimal.

I did have to come up with the Earnest Money, and pay for a home inspection and things of that nature, but costs were minimal.

I feel like this is a good way to track reserves, not give myself a false sense of security by “seeing a big number” all in one reserve account which may not be adequate, etc.  

I also used WholesalersToolbox.com for a general idea of scripts and things of that nature.

That’s natural - it’s human nature.

Stephanie: naturally, a party who is putting up ALL of the cash ($625,000 in this case) would not be happy with a less than 1/5 interest of the deal. 

Collecting coins seems to be the largest barrier to increasing the passive nature of the biz.

It was good but we decided not to do the 35k coach program for now and just keep working and learning from some local groups and on acquiring a couple deals before looking back into the program or something of the same nature..

Due to the nature of the business, I found it extremely difficult to get a SBA loan for it.