There will be some costs involved, but it gives you the best protection.

I want the owner to let me wrap it with another loan with, let say a 5 years balloon.How much Down should I offer to make it fair for the three parties involved?

There are extra costs involved in both, but in my opinion for a tenant who does not have cash or cheque on hand in full amount, having that option to put it on their credit card is useful.

I used to run the business personally but as I became more involved in real estate I brought in a partner who runs the entire operation now.

If they were, it would be a rather small task to program that computer or train those "minimum wage people" to set off warning bells anytime the payer on a mortgage account didn't match the original name on the loan.

These guys play a much bigger game than i am playing now and i would like to get involved.

flipsbuy and holdnew constsfrsaptscommercial I'm involved in all of these, and currently have 5 spec homes under const in 2 different states.

Only presenting the rational behind my willingness to get involved with low income properties so that others(reading this thread after your comment) that may not have the capital that possibly you had to start with, or don't feel comfortable with too much leverage can have food for thought from the other side of the coin.

I came to the conclusion that wholesaling would be the best way to jump start my investing career, due to the minimal risks involved, not as much money to acquire and pass on contracts.

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