@Russell Brazil, seems like your friend might need to speak to a portfolio lender once they establish a track record.

or is that frowned upon in this establishment?

Two plus years later, you have a new job, you have re-established credit and want to buy a new home, but you discover you can't because there is still an outstanding loan in your name.

While the application of rents is negotiable care must be taken that the rent is close to the fair market value as excess rents, while they can be applied to the purchase, the lender at the end of the term won't allow such to establish equity.

However, even if you are being financed you may still be able to arrange from the check to be made out to cash to pay to the wholesaler.Most wholesalers, such as myself, ask for verifiable proof of funds (unless the buyer has already established a good track record) to weed out nonsense.

I need funding in 5 stages. 1st stage start up 25k to set up "offshore" corporation and establish the ability to purchase these properties. 2nd stage 60 days after 1st stage funding to buy 1st property. 3rd stage 60 days after 2nd stage funding 400k-1mil to buy 2nd property. 4th stage 60 days after 3rd stage funding 400k-1mil to buy 3rd property. 5th stage 60 days after 4th stage funding 400k-1mil to buy 4th property.

This is a real value, which we have established in the previous example with financial planners.They [planners] make a plan--most people won't follow it.

Unless you want to drop over a hundred grand to establish some case law on it, do the expedient thing and change your tag.

Using the example above, the 1031 replacement property is used for a qualfied investment purpose for two years to establish the 1031 exchange.

I am searching for the LLC paperwork required in order to establish an LLC for my first rental house.