that works you could do a basic LLC and have uneven distributions which is the major benefit to the LLC.. the LLC lends the money you have 2 or 3 buddies as members.. you the sponsor be the managing member.. then cut the pie however you like.. when I had my shops I did this through guidance lines with my banks.. we put the cash out for the loan.. then back filled and pulled from our guidance line.. for every 1 mil in cash we had we got 4 mil from the bank..

We are basically looking for a good cashflow property (multiplex 20+ units) something which could give 20% or above ROI.

For those who don’t know, prop 10 would limit landlords ability to raise under market rents and basically cut landlords at their knees.

TIC will affect your loan limits like Chris mentions, though.If AZ is a community property state, basically all assets acquired while married will be shared, whether on the deed or not. 

I’ll never spend money on this type of coaching but I have thought about going back to these events and just telling people about BP and basically explain how these things are almost always a rip off.What do you think?

I hear about equity a lot, and this might be a pretty basic question, but can someone explain equity to me and how it pertains to wholesaling?

Compare notes and do what you can to find sold prices near by ie comps for arvs but basically keep looking at deals until you know a good deal when you see it

Typically, the maintainers are staying in hotels where they are spending anywhere from $1,400-1,800 per month on a basic hotel room.

It basically says if the borrower didn’t lie or hide anything and their finances don’t change, we will probably be able to give them a loan.

I'm still in the process of educating myself about the basics, but I hope to eventually use my skills and knowledge as a builder to gain "sweat equity" in my future investments.