Hi everyone,I'm Atarius - a theatre performer who's super curious about wholesaling.

Absolute convinced real estate is the long term answer to financial security.

 The purchase agreement should have stipulated that rents would be prorated based on the day of closing and that the security deposits would be transferred to you, along with keys, copies of any written lease agreements, tenant payment records, the original tenant application, etc.

FHA wqould be a good option if you need the additional DP money a conventional loan would require to perform rehab. 

But does that mean I have to line up a job in that new location i find before I can secure my loan?

Take the clean up and damages from the security deposit.

And that extends to your employees.The one way you can get into trouble is if they are performing a "brokerage activity."

The sum of cash I have Is not for the down payment but for the security of the next 6 months after the purchase. 

Hey Joseph,Congratulations for thinking of starting at your young age.To get a loan, find someone in your network who believe in you: Family, friends, etc. who is willing to act as a guarantor on the loan, if you cannot secure it yourself.You would have to come up with some capital to put down as a down payment.

One of my companies was able to secure a cash LOC without a PG a few weeks ago.