He is renting the unit and will carry a bit of debt for a couple years but once he is clear of that he will do very well for himself.Park owners want their empty spaces filled. 

The omission is intentional resulting from Fossum’s lead role in a $20-million dollar promissory loan note fraud case filed by the SEC ( Link ), which resulted in a settlement barring Fossum from engaging in similar activities, such as his role with Norada Capital Management ( Link ).The case, filed by the SEC in December 2017 and running for five years, alleges that from March 2011 to June 2016, Fossum raised over $20 million from more than 100 investors through unregistered securities offerings of three investment funds he owned and controlled: Accelerated Asset Group, Smart Money Secured Income Fund, and Turnkey Investment Fund.

What if you're a cardiologist with no debt and making $250,000 annually?

if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR. 

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.

You deployed 500K in 2 months, are you looking for leads to lend money out faster?

Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.

Hello everyone, I recently became a realtor and I was wanting to get into wholesaling but my broker has said it could lead me into trouble here.

Eliminate debt, establish a budget, and save.

Hi Kristi,VA loans do have flexible debt to income ratio requirements, unlike every other loan.