I’m a new wholesaler I just wanted to know if anybody knows any title company that knows how to close on wholesale deals in nyc

I am specifically looking in Essex county, MA because I want to house back close enough to my current W-2 job.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

Rentals will not be my only source of income for the next year—but I want to get close to it being a significant source by the time I graduate LSU in the fall.

Some lenders are going to have overlays or not understand how to actually calculate rental income properly (full disclosure - I've closed loans that were turned down because of a banker or loan broker not understanding how to calculate income).  

Yes, I'm a lender, but we have an arm that's been investing for close to 20 years now.

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

A close friend of the family ,who was married, and had a house together got divorced and in between that time, she did a QC and removed her name from the deed.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.