I’m guessing if he finds one extra deal per month and you make 20k on that transaction your positive hiring the work out is a plus 15k.. and your husband just assist or manages workers that complete your projects.

I say that because when I went to sign up for BiggerPockets a few months ago, I realized that I had already had been a member since November of 2015!!

At the end of the day, you have to verify everything the seller is telling you especially if you have never transacted with them.  

I've signed up for Bigger Pockets in hopes to network with flippers and wholesalers in the Southbay Los Angeles area so i can learn the trade and also help out were i can. 

I will go see it as soon as the contract is signed and before I spend any money.

We wonder if anyone has closed transactions with over seas owners?

Their online platform is weak, but if you use an IRA-owned LLC you won't need to transact with Sunwest very often (since the day-to-day lending transactions will happen in the LLC).  

It's really just collecting money, having a call with the PM every once in a while, and signing off on any major repairs or other larger decisions.

But as first time home buyer, you could get into FHA loan for 5% down - so it means all you need is 20-30k for a 400 to 600k transaction (which you can borrow for 401k) but you still need to improve your income to qualify for the repayment.

Hi everyone, I am new to the real estate game and have some questions on whether or not I should be worried about how this transaction went down.I was brought on as a lien holder after the property was purchased, and I brought $50k to the table to do renovations.