The same is true with property management.

That’s a game-changer when it comes to flipping profits.Your scenario reminds me of a client I worked with in San Diego who flipped a condo after living there for a couple of years.

If it’s going to be more than the one day loan we actually structure it the same as a regular hard money loan.if it’s a true double close, process is super simple.

I’ve been researching a lot about the basics, but I know there’s so much more to learn, especially from those who’ve been in the game for a while.I’d love to hear from experienced wholesalers about their journeys and any advice you have for a complete beginner like me!

I am also in Cincinnati and I did speak with True Home Ohio (https://truehomeohio.com) and they seemed to be somewhat reasonable except I believe they take a flat fee of $105 per door so depending on how much rent is for that door it could be cheaper or more expensive but their other fees I thought were very reasonable.

This may be controversial, but "true passive income" in my opinion is one thing and one thing only.

With this scenario we both have skin in the game: His work and my materials.

I think investing for cash flow to start is a slow game.

Hey @Marc Shin, so yes on the games.

This is true if the rent pays for maintenance, taxes & Interest.If the rent pays for maintenance, taxes, interest and some part of mortgage then it's better than 24%.If the rent pays for maintenance, taxes and you have to pay for mortgage and interest the return will be close to 6%.Property taxes and Maintenance are not fixed cost they increase with time like rent.