The APR is being de-emphasized, and we now have a new term, the "TIP" (Total Interest Payment).  

Most of the investors I incorporated would do something similar to this:Setup DE or NV C- Corp, file the S election with the IRS (no way to file an S corp directly with the state (any state) since the S-election is just a different way of filing taxes and nothing to do with the State.Then, they would set up an LLC (typically in the name of the street the property was located on) in the state that the property was located in, listing the S corp as the member or manager.  

I dont take the deed in delaware, because its too much out of my pocket @ a 3% transfer tax, and its your home, after the deed is recorded.

Originally posted by @Jorge De Jesus:Let her do the wholesaling, you do the marketing so long as they are not yet listed.

Another option: If the deal is really great see if you can have family member to co sign on loan with your local bank.What’s the net margin if you wholesale the deal @Jorge De Jesus  ?

My name is Colin, I am a 21 year old aspiring investor in the Delaware County area.

@Eric CreagerHere are some books I like:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

I'm open to the surrounding states of PA and DE, assuming the NJ isn't as lucrative or other reasons.- My REI goal is to build passive income and generational wealth.

Quote from @Paul De Luca: @Joseph GozlanCombination of #1 and 3.I love the #2 investors that think they're 300 IQ waiting for "the crash".Hope and pray isn't a strategy. 

Same tenant has lived there this whole time so it's been a good little earner.A few months later I took a course with Dolf de Roos, this was when I was living back in Australia, and started learning about the world of rehabbing, flipping and wholesaling.