Eventually if your investments take off and you begin to build a larger portfolio you can always begin to phase out the commission work as you get busier with your investments.Best of luck.

After you master the wholesale game you will be able to move on to the next phase.

This is not really a "con," for the borrower however it is a courtesy to your lender that you do not payoff the loan till this phase of time ends.

Questions: does PoL check in on progress and document each stage before disbursing subsequent monies in a multi-phase project?

Do this for a few months – you may want to take a real estate course to get your license – Attend REIA's – BUT do not trust the sales pitches you will hear – I don’t think you should spend your money on those programs – if you want to spend some money – get a mentor –The candidate for your mentor should be financial successful – in many phases of making money in real estate; auctions, tax sales, lead generations, contract engineering, assignments as well as the many creative clauses’ used to buy real estate.I think you will do well – take it slow and easy – don’t be influenced by big talkers – counsel with spouse – create credit lines – be ready with a form packets of contracts – assignment forms – notes – disclosures and blank checks – study and learn from others ------ AND HAVE FUN – your journey to a better income and more of what you want out of life is exciting and profitable.

No cost and I break down the 3 phases...1.

I went through two phases.

Has anybody went through this growth phase? 

I think 10% is a good amount but since you're going through the underwriting phase, you might as well try to figure out the true costs.

I think in most markets we're now seeing the beginning of hypersupply, phase III in the real estate market cycle.