To set it up in QB, I would create sub-accounts of your savings account and enter the corresponding transactions at sub-account level, any interest at main level and reconcile at main level.

In Florida back then to be a broker was much more regulated and prestigeous than to be a correspondent lender because they are exempt from reporting yield spread and service release premiums, plus they were exempt from Chapter 494 of the DBF.When I opened offices in Colorado, however, there was no licensing for brokers so to be a lender was much more reputable.

The Industry Heirarchy1- Consumer (you, the public)2- Broker, Bank, Lender3- Correspondent Lender (a broker with a line of credit)4- Wholesale Lender (can be a bank or instititional investor)5- Portfolio and Servicing Investor6- Securitizer (basically a broker who creates, buys and sells pools of loans between Wall Street and Investors)7- Wall Street (where the money comes from)Now I really don't suggest going to a "bedroom" broker (one who works from their house) although their nearly non-existent overhead sometimes translates to lower rates and junk fees.

From what I understand, they are a correspondent lender with access to Fannie Mae lenders.  

We usually add all the  books/materials mentioned in the podcast in their corresponding show notes.

I still could be likely many many months away from my first deal but I am sure I will mention it when it does happen :)Wish you both the best of luck on your correspondence.

If they are looking for a traditional retail transaction simply forward that information to the agent you are corresponding with.

Partial interests are often worth less than their corresponding fractional value.

The houses would have been held in each LLC for asset protection, and the rents paid to and all correspondence done to PARENT LLC for ease of administration and bookkeeping.No Longer.

I tell them I am the owner and I haven't been corresponding via email with anyone.