They have a special 'pooling' arrangement with the banks so that each bank does not need to spend the money to send their own attorney to cover the auction.3.  

When the home sells the lender gets the loan amount plus an arranged percentage.

i guess the biggest challenge is my stage in life - as i plan for retirement in the next 5 yrs hard to want to go leverage several notes and wait for them to be paid off in 15-30 yr notesAs one advised - its not whether to leverage but when Early in your career leverage is more important then cashflow Late in your career cashflow is more important then leverage 

Hey BP This is a question for the savy Wholesalers. I have recently tried my hand at wholesaling to generate some type of income by assigning contracts. I purchased a list where I have about 600 Listings. This is my C...

Greetings,This case may possibly be one of those classics, but doesn't seem to come as common, so I'm asking for posterity:- I have an ongoing flip in terminal stages backed by an 80% rehab interest-only loan due in 3 months.

Wake up and go to work.Work from 7 - 4.Counting down the days until I'm 48.Get home and jump on the trampoline with the kiddos.If we're building a house at the time and it's at the finishing stages, go back to work.If we're painting cabinets for someone, go back to work.If we're making concrete counter tops, back to work.Right now we're getting back together after Harvey, so back to work lol.If not, play some guitar, listen to my oldest play guitar or piano or take turns with the kids doing pull-ups, maybe watch a movie or go to dinner.If I have receipts to archive, I'll do that later or make a change to the management program I wrote if I'm feeling ambitious, or watch the tube.If it's Friday (summer time) sometimes spontaneously book a hotel in Uvalde and go float the river. 

I'll need photos of beautifully lit, and well staged home.  

We are planning to list around 360k per house and will likely stage them, get a full set of photos, and a drone video that i'll be happy to share.

If this is true then the LLC you suggest would suffice for this type of arrangement I assume.The family investor I am referring to does have successful experience with renting one SFH and selling.

It is likely the seller and tenant are both aware that their current arrangement is coming to an end.