Remember the early days when you had little to no money to invest?

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

Since there's no income yet, I assume that DSCR financing is out of the question. 

The FB group is great though.

Most here are real estate investors and typically those are not viewed as "businesses" because they have no real value as businesses outside the value of the asset(s) owned.

You get to enjoy the FHA loan.

LVP all the way.

That is totally between the two partners. 

Due to a significant spike in demand, housing prices have skyrocketed, making it nearly impossible in some areas of the city to find solid returns as a real estate investor.