I know some people might see all those millionaires on social media rather its on Instagram, Facebook, Tiktok, etc and get really interested and excited about how they reached this milestone due to wholesaling homes, but this is not the case.

Also talk to an accountant to see if it has tax implications. 3) All your paperwork has to go through the brokerage, then the title company (some states require an attorney on each transaction).

so any payoff with points in less than a year juices the lenders APR.And of course i am sure your aware but anyone on the internet or social media contacting you saying they are a private lender at 3 to 5% is 99.9% simply a pump and dump advance fee crook.. as seen on American Greed Episode  Remington financial  which was brought down by a lady named Ingrid Robinson right there in your neighborhood.. she tried to buy an Island in Clear Lake up in Lake co just North of you..

I also look at previous Landlord references, rent:income ratios, longevity in their current job or career, longevity in their last rental, a review of social media, and more.

Build a buyers list using social media and word of mouth and possibly do a JV with another wholesaler for my first deal I plan on signing the first contract in my name and once I make my first deal, create an LLC to do future deals.

Anyone who is age 62+ and qualifies to draw social security, I recommend receiving payouts right away before the 25% "haircuts" projected in 2034 materialize. 

Every investor has different costs of capital, return requirements, risk tolerances, holding periods, tax implications, vision, information etc.

The economics, financial, social and mechanical and legal make it fascinating to me.

I'm thinking about pitching this to a few potential investors to fund part 2 (below) of this post - what are the tax implications of an early withdrawal and has anyone had experience doing this yet?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion