I will make sure to involve the stipulation regarding primary residence/rental property - I see I have some research to do in this department as well.

I have never met a California investor that has done a simultaneous closing with a title co involved in the last 5 years so Will was probably talking about CA.Most of the deals I wholesale are to other sophisticated investors who have MLS access too.

I read your post while multi-tasking earlier and was not able to reply at the time.

Conventional conforming loans last time I was involved was 28% of gross for PITI and 36% for all payments combined.If you gross $90,000 that is $7500 per mo and 28% is $2100 PITI.

You need to get an attorney involved.

I'm sorry to throw wet towel on this prospect but as I've mentioned before, some of the best deals turn out to be deals that you never got involved in.

He wants no involvement in acquiring, managing, rehabbing, etc.; only a return on the investment.

& thanks, maybe next year I'll look into what's involved in a RE license.

I know that with wholesaling a double closing can be done because cash is typically used but how about when banks are involved.

Don't get overwhelmed by the number of groups here . . . jump in and get involved in those conversations that interest you and ask anything and everything you want to know about.