My question is related to residential financing and an LLC.We qualify for a good 30 yr residential loan under our own name.

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I am relatively new to wholesaling, and have been doing my research with how to deal with potential sellers.

A license and insurance didn't seem to be more important that hiring a relative, so I left.My parents owned a 4 unit on one of the worst streets in Pittsfield.

It included google earth, ability to find a lenders list, ability to create a quick buyers & sellers list, website creation, Squeeze page creation, automation when someone puts in info email is sent to them. finding current foreclosures,etc, Ability to give accurate information on Value of property, what sold,is selling,etc.What do you recommend for websites to use for these things?

My main issue with a short sale is related to not wanting to damage our credit when we will likely try to buy-up within the next 10 years.Lastly, we're looking at the SFR ($325k target) as something we would live in for five years before renting out as a long term buy and hold - we think we can secure a good 15 year loan that aligns with rental rates in the area.

Most of my financing experience has been traditional non-owner occupied 30yr fixed loans, so I haven't done a true commercial real estate loan before.Overall deal strategy in relation to finance suggestions?

Most of my financing experience has been traditional non-owner occupied 30yr fixed loans, so I haven't done a true commercial real estate loan before.Overall deal strategy in relation to finance suggestions?

If not, that will impact costs as well.In other words, you may find that you can build cheaper than you can buy, but you may find otherwise, depending on your experience and your network.As for the land cost, if you're building 1000 sf house, that $70K could be a significant percentage of the cost (it adds $70/sf) and it could be MUCH cheaper to buy; but if you're building a 5000 sf house, that $70K could be relatively inconsequential in the total cost of the property (it would only add $14/sf to the cost).

In the commercial world, I do not allow vendors on the premises unless they have their own insurances that protect the owners and take care of their laborers.Go to IREM.org and I believe their library includes general books relating to property management of residential and commercial.Again, ask for references, look for licenses, and ask that they carry insurance protecting you against their actions.