Do we need to setup a corp. of some sort, then can we show our personal incomes?

For people that invest out of state, what sort of problems do I need to watch out for?

I am looking to close a deal here in a few days and will be verifying my fee being paid out at closing with the lender, however I still want to get the buyer to sign some sort of contract with me just in case.Does anyone have a simple fee agreement contract I could use.Thanks!

Geoff,I was more interested to know what sort of things you paid closing costs for and who did the closing?

I am trying to get into wholesaling and this would be my first attempt to try and get a list of some sort.

In those cases I make sure that I've got a LOT of their skin in the game to preclude their changing their minds.I would LOVE to pay $50K in taxes, that would mean that I had made a bunch of profit on that deal.

So, that does all sort of line up.However, that's a "cash out" refi, and I've been told (this week) that will be difficult to do for more than a 70% LTV.

Glad we got that sorted out :)!

That's why 3% is sort of the norm around here.

Consider a deal where the seller finances the place on some sort of terms.