Texas for example requires an escrow fund.Two loan servicers that have been around a long time that service consumer accounts including mortgages and contracts are Green Tree Servicing LLC affiliated with the Walter Investment Management Company that also has servicing functions.

This was why I was hesitant to mention my affiliation, as I had read previous posts of members that weren't supportive of this decision.

These are independent companies from us and we have no affiliation with them or ownership interest in them they just handle our volume with very good deals for our customers.5) Most importantly, I can't figure out why you are offering novice investors a turn-key service that produces such great returns instead of simply borrowing the money yourself from a local lender at a ~5% construction loan.

If so just PM me (I have no interest or affiliation with that property).

Now, if it's a big deal, one lender can invite other affiliate lenders or even competing lenders to join in the participation with your bank being the "lead lender".

Go slow and be sure you are comprehending what you are reading, and not just reading to get through it.

J Scott, you mentioned that you never really had any luck working with wholesalers, but I was wondering if you've had any experience working with wholesalers that are affiliated with either the Georgia or Atlanta REIAs?

Hi Zoe, I am a Renatus affiliate, the great thing about Renatus is it is a community of REI's and everyone networks to get educated and do RE deals together.

And no, I don't have any other affiliation with him or his company.

If nothing else, it can give you an idea of what's in the area.I have no affiliation with the website...just thought I'd share one of the tools I use.Happy hunting!