The APY rate they charge is about 8.9% (which i understand is similar to private money rates ±). 

The only problem is i have no money to put down and would have to use a private lender with a 7% loan. after doing the math i would be making a profit of about $215 a month.

BP podcasts are a gold mine of information.Although my company is based outside of LA, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

The BP podcasts are a gold mine of information.My company is not based in LA, but we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

We are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Connect with me anytime.Wishing you continued success.

We own a business in Germantown and have two children in private school.  

Those both sound like great income properties and knowing the construction side will save you thousands over your lifetime!

If you are dealing with private owners (as a wholesaler you probably will be), you want to keep the personal and approachable connotation to your business.

I've saved enough for either my first house, or my first real estate investment -- and am coming to understand that it may need to be one in the same.

I know I can get 3 people @ 300-350 a month not including electric (I've already inquired a few good friends of mine and they've all agreed to move off campus to save some money) With that being said, I'm thinking this will cashflow about $180 per month, which sounds great to me.