Doesn't matter who found it.To expound on Jon's answer, transactional funding is a way for a wholesaler to become a flipper and pocket more of the profit without having to have his own funds.The key is finding a wholesale property that is flippable with no rehab to be done.  

Can anyone expound upon the advantages of having the mortgage under the LLC vs. under just one partner's name?

I'd appreciate if you could expound on your thought @JohnWarren 

Can you expound with regards to the cost of doing business in Duluth versus say Superior, WI which is right across the bay (about 6 miles or so)?

Actually I am going to expound on this in my marketing technique post, but here goes.  

I am studying for my brokers exam next week and don't need MORE confusing ideas:) Anytime, John:)  If I wasn't asked, I wouldn't have expounded at all of course.I just reserve the right to receive my portfolio rental income as mgt fees or not and don't decide until year-end. 

WOW - he was pitching deals right and left and expounding on how great every deal was.

Hi @Vanessa Wang...I'm going to expound a @Josh Caldwell's advise.  

@Alex Hamilton   can you please expound on this... how can a private investor be a 501 C and get tax free income.. ??

Can you expound a little on why you'd choose the 2-4 unit instead?