All Forum Posts by: Anje Walfoort

This is directly from the California Department of Real Estate. Key to the type of license that you have to have when working as a Hard Money Broker is how the borrower intends to use the property. Please read the following to get answers to questions from above.  

Bureau of Real Estate SAFE ACT ‐ Frequently Asked Questions 

Do the New MLO License Endorsement Requirements Apply to Me? 1 Q. What is the definition of mortgage loan originator?

A. Mortgage loan originator means an individual who for compensation or gain in expectation of compensation or gain takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.

Q. What is a residential mortgage loan? A. A residential mortgage loan is any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling. Dwelling means a residential structure that contains one to four units, whether or not that structure is attached to real property. The term includes an individual condominium unit,, if it is used as a residence cooperative unit, mobile home, or trailer

Q. I broker only commercial mortgage loans. Do I need a Mortgage Loan Originator License Endorsement on my CalBRE license? 

A. No.

Q. I am a broker or salesperson arranging residential mortgage loans 1-4 unit properties for investors. Do I need a Mortgage Loan Originator License Endorsement on my CalBRE license? 

A. Yes, if the loan is made for personal, family, or household use. Note: A mortgage loan originator who only originates loans for investors who will use the loan to purchase rental properties for income will not need an originator license, but if any of those investors purchase a property for a family member or for other personal use, then he purchased it for personal, family or household use and the loan agent would have to have the MLO License Endorsement on the CalBRE license BEFORE soliciting the investor/borrower, taking an application or negotiating the loan terms. Disciplinary Do the New MLO License Endorsement Requirements Apply to Me? 6 action and penalties would apply if any of these activities were conducted without the MLO License Endorsement

The use of the property is key to determining the need for a Broker's License or an MLO license.

Sounds great. I will be scheduling a meet up Friday, January 22nd at 3:00 also.  The post didn't allow multiple dates, although I have a few that needed a weekend so we were looking at doing the 31st.  Please let me know best times for you and we can make it work for the majority.  I enjoy meeting people in this industry and enjoy hearing about  your experiences, goals and feedback.

Are you an Investor or Developer interested in learning about the best way to use hard money to meet your needs or to be included on an immediate contact list for fixers, fast close cash projects with immediate equity?  

I am a Real Estate Broker and Hard Money Broker in Redding, CA. I would be interested in hearing about your needs, interests and experiences. Are you interested in a meet up?

Experienced working with developers and investors.  Have assisted with several development projects and home flips.  Looking to fix and flip or start a development project but live out of the area.  Interested in partnering with investors.  I am able to research projects, work with local developers, assist with pricing, list properties at discounted commissions.  I also provide buyer rebates after close of escrow. 

Looking for a California Real Estate Broker?  I am interested in helping your reach your real estate goals in 2016.  I also Broker Hard Money Loans.  Hard Money Loans can allow the breakthrough that gives you the opportunity to go from a dreamer do an investor.

If you have fixers for sale in Las Vegas, California or Oregon please send me information. I have cash buyers!

[email protected]

I look forward to hearing from you and working with you!  

Multiple buyers for fixers if the numbers work to fix and flip.  Please email me or message me details.  Please send realistic numbers!  Would love to start the new year off with a bang for all of us! 

Thank You!

Have you ever thought of being a Hard Money investor/lender?  Excellent return on your investment.  Loan amounts range from $25,000 to $2M with terms from 1 year to 3 years and a guarantee of 6 months interest payments.  All transactions are tied to real estate and are completed through escrow.  Terms are based on experience of the investor, length of loan, loan to value, down payment and property location.  Often times you can be matched up with a developer that continues to roll funds from one project to the next after pay off.  

Contact me via email or message me on Bigger Pockets for additional information.

[email protected]

Looking at a project and need financing?  From $20,000 and up.  Hard money broker with 15 years experience in the industry.  Excellent for Non-Owner Occupied Investment, flip properties, development and more.  (Hard Money is not available on owner occupied homes).  

Rates and Points vary depending on the location of the project, the length of the loan term, down payment available and the experience of the investor.  Competitive pricing.  

530-510-1056 or message me.

Let's reach your real estate goals in 2016!

Excellent potential for a beautiful home on approximately 11 acres minutes from Shasta Lake! Current appraised value $645,000. With upgrades ($25,000 to $40,000) this home would appraise at $800,000 and would be a very sought after style!  Stunning views, great layout with guest quarters located on the lower level with separate entrance.  P:ossible lot split (check with city for confirmation).  

This home is excellent for daily living, vacation, resort, rental...you name it!  VERY DESIRABLE, a true beauty.

Live out of the area and interested in a fixer?  Happy to help with project management.