All Forum Posts by: Deepak Pakala

I have my Colorado Real estate license and mortgage loan originators. Since splitting real estate commissions with buyer through rebate is legal and being dual agency (Representing a client as a buyer and lender on a deal) is legal. My questions is
Is it legal to tell/advertise potential clients I will split my real estate commissions if they use me as lender as well in CO (only RE commissions not lender side) 
Thank you in advance

Thanks Mike! That answers my questions. I was honestly hoping for a very short term Maybe for 6 months to year to minimize the risks you posted and most of all the due on sale clause worries me.  

Speaking from seller's point of view. What happens if the buyer doesn't make the payment? Does the seller's bank need to know? I'm guessing the bank doesn't like their property being financed. What are some risks associated from sellers perspective and buyers

Right now I'm buying with hard money but I would like to know the hype behind seller finance, especially in the Philly area. I would love to hear if anyone has any experience with this. or any other creative way to buy a good-condition property with little to no money down. Speaking from the sellers point of view. What happens if the buyer doesn't make the payment? Does the seller's bank need to know? I'm guessing the bank doesn't like their property being financed. What are some risks associated from sellers perspective and the buyers

Hello Biggerpockets!

The property I'm interested in is the layout as a duplex but I can turn it into a 4plex by changing the layout around and adding walls, 2 Kitchens, and a bathroom on the title it is a single-family dwelling but how do I turn this into 4 units legally so I'm able to cash out refi. Also What are some hurdles I can be facing? I'm using a hard money lender just an FYI, 2000sq turning it into Three 1beds, One 2beds. Would I need an engineer, architect, pull permits? Is this too much work?  

Thank you

 Hey @Joshua Messinger,

Is that license for str for a duplex hard to get in Philly?