Contingency part : Is it better to put cash and cross out all mortgage contingencies or put mortgage 95% LTV etc and give myself 30 days “to obtain a mortgage aka finding a cash buyer” If I put cash they might ask about proof of funds ..and I also limit the time to find a buyer ..as attorney review period is only 5 days in IL.

@ Jordan T, I am definitely going to require certified mailing from now on.

@James Roberson @Eddie T. - Yea I inherited these guys and believe me I am happy they are gone and the unit wasn't completely destroyed.

So, in keeping with the concept of wholesaling a wholesaler can not obtain a financing contract and assign it to the end buyer.....period!

Thanks, RZYou can use your degree or schooling as part of your employment time frame if you can document that the major you studied was instrumental in helping you obtain your current occupation or is in the same field as your major. (2 year employment history)This allows you to bypass the 2 year employment and tax return dilemma.

If anyone knows their sh*t I'd say it's him.

One of my goals is to obtain my real estate license primarily for the education, but from several of the forums I have read it could have a lot of other benefits as well.

The scenario:I need $20,000 to pay off 403 loan and pull down $50,000.The $20,000 plus loan fee can be paid off in less than a month after the loan check clears.The purpose: The balance after the initial loan is paid can fix two properties up to rent out at a total of $1600 a month, and will cover half of the amount owed on one property.My payment back to the loan would be a total of $800 a month (a $200 difference in what im payin now).How would i obtain such a loan and what can i expect to pay back for a one month loan if possible?

In the short time I've engaged in trying to obtain properties from Wholesalers, it has become painfully apparent that many, if not most, inflate ARVs, deflate rehab costs, and present very unrealistic deals to investors.

I already had other investments in the queue and decided not to spend my time dealing with repairs of this magnitude.This was a good experience but I will obtain much greater cash flow with other investments although less potential equity increases.