its hair on fire... prep a deed  get it signed and notarized have my secretary run it to the recorders.. hire a courier service to hand deliver cashiers check .. talk to customer service and get a date down so we basically knew our title position.. all done in a matter of a few hours.. 

@Dean West First understand that Roofstock is an online, high tech marketplace (lister) for investment properties. 

Funny enough, I'm actually almost done putting together an online wholesaling presence around here. 

I am not sure why this would matter, and I also don't really know why it was brought up bc I wrote the deal as cash.

Hi, im new to real estate wholesaling, i just finished Mark Whitten online course.

I need to better understand my financing options before getting too far into the process.Details:Purchase Price: likely $70,000 - $75,000 (currently in online auction)Reno Costs: ~$35,000ARV: $135,000Right now I can put 20% of the purchase price down with no issues while still maintaining 6 months of PITI reserves. 

Some places online may be cheaper, also depending on the amount you are planning on getting will be able to lower price pretty much. cheapsigns.com does 100 sings for $199. 

The improvements are added to the basis of the property no matter if it is a rental or personal unit and recovered either via depreciation or via less gain later on. 

The key is inventory, a simple matter of supply and demand.

Bottom line it, no matter if it is Primary Residence, was a primary residence, or is rental, if you take out any type of HELOC or equity loan, and use the proceeds for reinvestment, you can deduct the interest on those loan at the reinvestment level, only to the extent you reinvest it.