With the little knowledge that I have on this method, I started building it as if they were flipping a property... - They put in 2/3 of the money- Monthly payouts of 50% of profits- 4 month termBased on the pro forma of the rental, they'd have around a 30-35% roi by the end of the term.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

You could actually do this on your own by going through your Secretary of State website that would save you alot of money and am sure the EIN if free on IRS site too 

Any tips or things you wish you’d known beforehand?

Recasting is when you make a payment on an existing loan and update the payments - for example if I owed $100,000 and my payment was $600/mo and I paid it down by $40,000 recasting is they update the payment based on the new $60,000 balance.If I understand this correctly, you are selling a home which you will make $300,000 on and putting $200,000 down and keeping $100,000 to renovate?

Does anyone know what kind of lender willing to offer financing with 10% down for this type of deal?

Hit me up with a private message if you thnk you can help.

Purchase price: $200,000 Cash invested: $80,000 one duplex owned, so far What made you interested in investing in this type of deal?

Purchase price: $200,000 Cash invested: $80,000 Duplex What made you interested in investing in this type of deal?

I've been listening to hours of podcasts and read as much as I can since the beginning of the year and would love to see it all in action. if anyone knows someone looking for some extra help, I'm super eager to learn!