I dont see why this couldn't work as long as all details about how income will be split and how expenses will be split.Does anyone have suggestions as to how we would collect money and split it?

The option to purchase spells out the details of the option money (which is whatever the two parties agree on in writing), and how it will be paid.

You'll find this is a wonderful resource to learn the real world details of REI.Second - to answer your question, I would start by reading anything that Joel Owens has written/replied to.

I went to two local banks last week and the answer is the same as Jon as stated - great income, high credit score, 2years tax return for rental income to be considered, 20-25% down payment and you'll need to show all bank details for the past 3-6 month ( business & personal)Good luck!

If so did the banks give you grief about every little property detail?

Can someone help walk me through the details of flipping a bank owned wholesale through an llc?

I talked to the realtor of the property about 3 months ago getting some info (Ie would sellers be open to owner finance and they said maybe and details about the prop).

Varies... as little as possible :) Feel free to share more details about the deal.

With no detailed scope bids are going to be everywhere.

Although I prefered not to post the details on a public forum, this is the PM I sent to another member.I had 2 Medical Collection accounts that were $100 each.