Dominic - I agree with the previous posters about checking your local law to verify that your able to do a MLO.

Security means very little these days as the headlines are dominated by banks losing money because of foreclosures and the talk about a deed of trust will go over their heads.

The court cited corporate veil-piercing cases and set forth the following factors considered in a corporate veil-piercing case: insufficient capitalization, non-observance of corporate formalities, nonpayment of dividends, insolvency of the corporation at the time of the litigated transactions, siphoning of corporate funds by dominant shareholders, non-functioning officers and directors other than shareholders, absence of corporate records, use of the corporation for transactions of dominant shareholders, and use of the corporation in promoting fraud.

Spinning my wheels, networking with as many investors as possible, searching for the real deals, just basically putting in work and realizing it doesn't happen over night...For all the major players, the true investors: if you would please,enlighten me and all the newbies out there, what your typical day or week is spent doing...

The single family play is more the break even in cash flow (sorta like what you proposed) and hold out for equity appreciation, eventually selling it to cash out or cashing out on rents when you own free and clear in 30 years.I'm more of a cash flow player and thus look at multifamily houses.

If they're truly sophisticated, they'd look at a Yr 1 guaranty and conclude: "Ok, that's a nice little add-on of little value, since the chance of anything happening in Year 1 are remote, at best, but I'll take it, fine, and the other company I talked to didn't offer it".If industry players are so worried about these guarantees, it follows that many buyers are not in fact sophisticated.

.:) I'm still looking to do mine.

I would suggest telling them you are a player in their market and you should meet for lunch to see how you can work together to make more coin in 2012.

Yes, there is a place for some of it, but it doesn't dominate the forums.

http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.htmlmost of you probably already heard of this in the past months and it looks like it's going to happen pretty soon. as a newbie in REI, I'd like to hear what the experienced player's opinion on this. couple of questions I can think of. 1.