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I am looking for a "broker's broker", that handles sub prime loans. Our company has grown into states that our license is still in a pending status, but we have dozens of sub prime loans coming in on a daily basis. We utilize Colonial for the A paper, but need a company to co-broker the sub prime stuff to. If anyone out there can help, or knows of a company, please let me know.

AJ Watson
(586) 228-0050
[email protected]
www.teamtopflite.com/ajw

If you'd be interested in receiving "legal" compensation from the mortgage side of the transaction, take a look at this.

www.teamtopflite.com/ajw

I have been in the mortgage business for ten years, and was so blown away by this opportunity, I closed my branch! The thing that makes this work is the fact that realtors need not become mortgage professionals. Just input your client’s information into a web site that is provided to you, and the processing center handles it from there. Commissions can be as high as 100% to the realtor!

Pretty Cool Stuff.

AJ Watson
[email protected]
(586) 228-0050

My friend was a realtor 5 years before joining the Keller Williams agency. To say the least, he was not making a very good living. He had all of the ambition, but just was unorganized. In his office, it was mandatory for him, and all new agents, to attend very extensive training classes. Within 3 months, he was the top-listing agent in his office!
The system worked for him.

They are VERY big into the profit sharing part of it. They asked me to bring my mortgage company into their office, but I declined after they wanted $1,000.00 dollars per loan to go into their profit sharing program.

Instead, I recruited them into my mortgage program. Now they make 40% to 70% on the mortgage commissions and are not as concerned about the profit sharing.

AJ Watson
www.teamtopflite.com/ajw
[email protected]
(586) 228-0050

Here is how I bought 30 homes last year. I took out a 15k equity line on my primary residence. I purchased 3 homes on a land contract (5k down on each). The seller paid all closing costs. I then did cash out refinance on all three properties. Made about 60k, and still cash flowed on the homes about 300.00 per. I bought a bank owned home for $35,000.00 did 15k in rehab work, and refinced it at 80% LTV. It appraised at 81,000.00 dollars. I rolled this same money over 30 times, produced a monthly net cash flow of 11,900.00 dollars, and paid off my equity line.

When I work with new investors, and they do not have a primary residence, I find an investor willing to sell one or more properties on a land contract. If the investor has good credit, MBNA and some simular banks will give unsecured lines of credit up to 50 or 80 thousand.

The trick is to find homes with enough equity to not only get your initial investment back, but to make 5 to 10 grand extra on each deal, and working with a mortgage person that specializes in investment property financing.

AJ Watson
[email protected]

Hello Everyone. My name is AJ Watson, and I am a mortgage broker living in Michigan. I have specialized for the past 10 years in investment property financing. Hard Money, Zero Down, Cash Out at Closing, Rehab, Seller Seconds, and my Flag Ship Program, the 1.4% investment property "Cash Flow Loan". I bought 36 homes myself last year, by rolling the same money over and over again. And I did this without ever spending any money on investment seminars. So I know the struggles and issues many of you face on a daily basis in respect to getting your deals financed. I have spent the last few hours reading the posts, and see that this question has come up in many of them. I would be happy to share my ideas, my strategies, and my thoughts with all of you, and maybe we can even do some business together. Send me an email [REMOVED] or call me at my office [REMOVED]

On a side note, I am always looking for good people that want to learn and earn doing mortgage loans. If you'd be interested in learning about the business, and making some additional income, just let me know.