Through the last couple of month, in addition to studying on the license I developed my knowledge of several real estate-related apps and software so when I am asking for an opportunity I would have something to offer as well, such as: Matterport, Inc (for making 3-D renderings of assets so that prospective buyers may take virtual tours)Repair Estimator Plus (for estimating the costs and expenses associated with each deal)Follow up boss (for centralizing communication)Cloud attract (for building landing pages)Wise agent (for email automation)LionDesk (for recording and embedding videos into emails and texts)Spacio (for digitizing open house sign-in forms) PalmAgent One (for estimating closing costs)Disclosures.io (for organizing and sharing disclosures)Dotloop (for signing offers and closing documents)Looking forward to hearing back from you.Best regards,Reza Rostamnezhad

So I registered an LLC with the intentions of opening a business checking account and running all the finances for our rental property through that account.We are not closing with the LLC on title, but I want a bank account separate from our personal finances to document our income and expenses.Our realtor is working to get someone on a lease.

They directed me to a company which keeps their documents and that office also did not have past violation information.

When I'm the listing agent, I only expect about 1/2 the buyer's agents to even submit feedback and take all that with a grain of salt.

If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower

You then get a document saying that they’ll be and “end buyer”.  

Then, if they are still interested, allow them to submit an application and do your full screening prior to giving them the option of submitting the deposit.

We used gmail for the documents exchange. 

THIS IS WAY TOO LONG. this document is critical to a wholesale investor because it is what protects us from any dishonest sellers/buyers cutting us out of a deal. i do not want to know what it feels like to lose money on a deal just because i couldnt get this figured out. 

All of my contracts with the original owners and my tenant buyers are well documented and notarized.