I enjoy rehabbing and improving houses, I just need some motivation to figure out the financial aspects involved.  

Yes, and no.No for Cash:  Someone has to have cash, if you are buying all cash or partial cash (down payment).No for Credit:  If there is a loan involved where credit is a qualifying factor, someone must be able to qualify.Yes for Cash:  There may not be any cash involved, but if there is, it doesn't have to be your cash.Yes for credit:  There may not be any loans involved, but if there is, it doesn't have to be your credit that is used to get the loan(s).

Maybe then open an LLC (I am not a licensed attorney) you would have to speak with in attorney to determine whether it is best for you to go LLC of S Corporation etc then find a good tax accountant.

Hi Account Closed,Yes, but I don't lend in Texas, so the "hurry up and finish or you wont be getting any future business from me!"

Hi @Johnathan Norman, plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

I could not get a very good explanation about this from anyone involved in the transaction.  

Account Closed Thanks.

Reality is they'll probably never sell this property as-is for 20k, but due to my involvement I know all the details to justify that cost.I'm looking for suggestions on if this deal could even happen, would anyone fund something like this in Illinois?

Originally posted by Account Closed:Can you share some numbers to give us an idea what margin/ARV you have? 

I am looking to begin my adventure in REI to improve my retirement account in order to have the opportunity to retire in the next 5-10 years.