I am currently unemployed, and was thinking of getting an MLO Licence and job to get in the field, start building a network and start saving money.

I have been considering getting my real estate licence so I will definitely look for any positions giving that opportunity or probably work on it on the side.

They're not hiding, but be VERY careful, there are plenty of scammers, too.When you do find a HML prepared to lend in your market...Check if they need a licence in that state. 

Points upfrontLate feesOrigination feeUnderwriting feeUsually just points and interest with private money.Also....Close through a proper title co or attorney who will ensure full title work is done and your deed is recorded properly.Have the borrower pay for lender title insurance.Make dure the borrower has all the correct insurance for the property, and licences, permits and insurance for the project.Hope that helps.DG

In my [opinion] if you want 1st class quality workmanship you are more likely to get it with a licenced contractor.Not everything requires this level of skill though.And you have to wonder why Bob Hammerswinger of Craigs list is not Bob's Framing LLC Licensed and Bonded....with a current licence and bond as required by law.

I recently opened a home improvement LLC which has my contractor licence attached to it.

If it were mine I'd have a licenced electrician come out and inspect the work, and bill the resident for the cost of the inspection and any needed modifications to bring it up to code.Same with the plumbing--licenced plumber inspection and if needed bring it up to code--or if you want--remove it.Right off the bat he does this--on his own, this resident might do a lot more of these (just do it) modifications to YOUR Asset.I've seen where a renter added an entire covered porch to a house..un-permitted...design quality (drunken home made) construction quality (drunken child's fort).

Hi Joshua,Here are just a few things that come to mind:Look for a history of "On Budget/On Time".By PM I assume you mean a general contractor.Ask for several RECENT references similar to your job and go review the work quality, call the owners and discuss their experience with this business.Ask for copies of any needed licences and check with the licensing authority to make sure they are current.You must understand you areas Lien Release procedures, and follow them to a "Tee".Decide how you will pay, paper checks vs etc..., and understand in writing when and for what you will pay.Be prepared to walk thru (or have the contractor do it via video) the work done before releasing the payments.Understand that in many areas (it is common for) "Construction Types" to "Knock off" at certain earlier time on Fridays and begin drinking beer.

Honestly you better off getting a licence and working under a good broker...Buy and hold or BRRRR is a whole nother story.

We know this will be a big change, and I know I will also have to apply for a new Real Estate Licence in Canada as my PSRA licence is not applicable for over there.