I would check and double-check everything.

jermaine here I would stay with the 3 time rule and if you don't have the worm and fussy double your security deposit.

Second, no need for a double close...instead of dropping your name from the current contract, drop her name so the purchase is by you alone, with her providing the financing/loan, and execute a mortgage to her...same result as the double close.

Can someone explain the term "seasoning the deal," when it comes to double closing on a wholesale?

If you represent someone in selling their house and buying another, you effectively double your hourly rate.

Finally, 3% is too low in most markets around the country so I would double check that.

We can ultimately double and a-half our money in 3-5 years with some upfront sweat equity and a major renovation on the back end.

I did not plan on both of these properties (my first two ever) closing on the same day which doubled my stress, but I am hoping it doubles my profits as well.

There are possibilities out there as well that have double digit cap rates.Obviously education of the types of deals that are available seems to be what you need.

And assuming you do itemized deductions and take the interest cost tax break, you are looking at 3-5% or so in actual cost of interest for your home loan.If you can't make at least double to triple that (10-15%) in annualized returns on your real estate holdings, then you need to not be investing in real estate.