Hi people,If anyone has some wholesaler contacts that work on the Northside that would be awesome.Thanks in advance!

Survey of mortgage terms (click to enlarge):From left to right, 1.25 points, 1.5 points, 1 point but $41k in fees.Prepayment penalty: 5 years declining, none, 2 year lockout followed by 10 years defeasance.Commentary/review/discussion: I tried to provide three very different options here, but all still real ways that people actually acquire such assets.

I personally would be their agent, but I am very hesitant to partner with people unless I have fully vetted them.I would be their agent on a few deals, and then you would decide if you want to partner with them.

As Arn mentioned about what people offer, first rule of investing is do not even look at the projected returns first.

However, I have relationships with people who can do the work better and I am more analytical and geared towards the business side.

Shana - first place to start is having the conversations with people you know in the real estate business and see what advice they have to offer.

I'm not sure about Houston but make sure you find a great agent who's focused in your area. call agents who list new construction or who closed land purchases and represented people. on my closed transaction list and active listings it's land on the buy side and new construction homes on the sell side. make a spreadsheet, email and call every single one, have 10-15 conversations, meet with 3, pick 1. sales funnel. 

Thanks to plenty of smart people here on BiggerPockets, I have learned that it may be possible to offset a portion of this unexpected higher W-2 income with the purchase and "active management" of a STR. 

But yeah wow, then people don't really have to get active income from flipping business or something like that if I do cash out refi well. 70k is when coming from my pocket. 

Unless you're filing the tax returns yourself (not possible to e-file a partnership return if not a preparer), then the cost is usually a large barrier for a lot of people as they're starting out.