Examine repairs required, take pictures, hire someone to do the repairs and babysit them until complete C.

Paul,I tend to agree with the premise stated by Snopes on this:Originally posted by snopes.com 1895 Exam:Claim: An 1895 graduation examination for public school students demonstrates a shocking decline in educational standards.

Bill as you like to say that you were an FDIC examiner whom I am happy for you, but I have not looked at your resume in order to determine if you should be speaking about lending or financing, or if you should just read the posting and sit on the side line.

I've not read the book, but jumping from 100 to 200 isn't going to be statistically valid as a population for analysis, that is too far apart in any market.I suggest you concentrate on the goals at hand, learning the basics, local methods and markets and getting past that examination.

If you are going to get into any consumer activity you need to find a servicer and assign your transaction immediately upon making an obligation, you will not be able to collect nor will you be able to comply with the new requirements.I say that because I've been reading through examination manual materials that the CFPB Examiners will use to examine creditor activities.

My states defination for a mortgage broker is the following:21(a): "Mortgage broker" means an entity that obtains, attempts to obtain, or assists in obtaining a mortgage loan for a borrower from a mortgage lender in return for consideration or in anticipation of consideration.Since note finding does not relate to obtaining a mortgage loan for a borrower from a mortgage lender...then I do not need to be a mortgage broker in my state.But your entire blog discussion did not examine another very interesting law that relates to referral fees related to real estate related transactions.

Andrew, I think you have the basic idea, the note interest on a discounted note has little to do with your yield.Not sure if I was defined as a "blog guru" LOL, We do have another FDIC Bank Examiner here on BP and several attorneys, who may chime in.

After a couple of years in real estate investing, I just completed the pre-licensing course and the state exam in November.

I did not pass my PSI examination over the last week.

if those numbers are accurate/actual (noi = 60450 and price = 465000) then that could shape up to be a good deal.a lot still needs to be uncovered through due diligence and examined such as:-title report-inspections/inspection reports-previous yrs income/expense statements, rent rolls, utility bills, any service contracts attached to the property, previous years tax bills, etc.