It's simple really if they don't get paid until funded at closing and you pay the appraiser directly for upfront fees keeping the so called lender from PADDING anything then they most likely are real.If they ask for money upfront they can call it whatever fee they want.They keep changing names so people do not think it is a scam and then never fund the deal.Really think about this if a lender gets a bunch of money upfront they have low motivation to close your deal.It's like mailing someone a 1,000 that is 100 miles away from a building and saying drive here and paint this unit today.Versus having a 1,000 but not paying a dime until the work is completed.For every real lender I see about 8 out of 10 that are scammers and are just churning due diligence fees.This is rampant in commercial real estate.First question I ask a lender who calls is do you have to put up ANY money before closing other than direct payment to the appraiser??

(painting a rosy picture again).I just don't want people starting their investing career to get snookered into a marginal deal that sucks them dry and crushed their real estate investing dreams.Meanwhile a turn key company has burned and churned another one.It reminds me of new real estate agents entering the business and getting bled dry from businesses selling them stuff the first year until they have no money left.If you are a turn key company then I would have buyers that have purchased and have had great results on my website.Even their name and number if possible.

Even if the LTV is right their lack of experience can tie up your money, cause you not to churn for points, and at best you might not get any payments and break even or lose money.I can see places like Cali where if the money is strung out in a climbing market the HML could come out ahead but also could be left holding the bag when the market hits a bubble and many loans drop in value at once.I think the best HML's talk to you on the phone and share their experiences.

Agent churning machine and the broker was CLUELESS, BAD ADVISE. chaotic work environment3.

Usually the primary concern is a mortgage broker's license, mortgage originator's license, churning notes becomes a business function rather than investing holding in a portfolio with your own money.

The B-share mess, reverse churning and fee based account were just emerging.

And the worst part is the stomach churning one endures waiting for that good luck.I so look forward to learning more about the real estate market and hopefully generating some income.Will and Addiel, thanks for your introductions and I'll definitely be in touch.

If you read between the lines of the basic SAFE Act, the mention of mobile homes, the mention of lease-options or rent-to-own, the mention of balloon restrictions and interest rates, it's clear to me that much of that was targeted at Lonnie-deals, seller financing by real estate operators where it applies to non-owner sales with short fused balloon notes and churning a property.

I read throughout the day like when excel is slowly churning at my w-2 job or waiting for the slow kurig coffee maker at the office.

Hello BP Nation!I'm interested to hear everyone's take on credit cards during their real estate journey. I have started with the Chase freedom card --> Chase Sapphire Preferred --> Chase Business Cash (Registere...