Most cities want their cut of any actual business activity so you may need to get a license for fix and flips or wholesaling in addition to your LLC. 

Good question - we did purchase with the LLC as the actual customer but definitely had to personally guarantee the loan.

The owner got to view the property a couple weeks ago and they squatter is actually taking care of the property, like it's their own (according to him).

Our meetings our onsite at actual house flip properties.

Hey Tyrone Watler im new as well i haven't tied down any deals as of yet but I didn't spend money on leads I did D4D (Driving4Dollars) and i actually got a few calls off of that...so maybe just gas the car up and do some canvassing u may find sumthn!

Makes you wonder what you pay for in these courses after all...Timothy that's actually what they say for the rehab amount believe it or not.

I didn't consider being a landlord the piece of cake he was making it out to be.  

Auction.com is hired by banks to sell assets to highest bidder through quasi on line auctions.in some states LIke Alabama they are actually the criers at the public court house auction.. if not sold there then those assets are brought into the loss mit departments then listed with auction to be sold on line at some point in the future.I like it as they require actual money to buy this stuff as in you need healthy deposits and REAL POF's and you can't assign contracts etc.. so it mitigates competition with the no money wholesalers that are out there by the millions  LOL.. 

It sounds like you get overtime pay, and you are trying to figure out how much your are actually receiving if you are losing RE deductions?? 

Pretty typical seller at 10%, your idea of 3 to 4 % is actually more in line with the actual value of that option, at that price range, over that term (1 to 2 years), and you sure aren't buying any cash flow!