I would bring a blank contract so that if you and the seller come to agreement, you can formalize the deal right then and there.

If you're simply doing your own deals on the side (buying and selling) without a formal listing in the MLS or a commission involved, you should be able to continue as if you didn't have a license.

Then you have to prove the first time you did it wasn't a fluke.Lots of people my age talk about the good old days when we could formally assume a note just on our signature.

Given that Illinois is a judicial state and a lawsuit must be filed to take over a property, the true HMLs have backed away.Now the term refers to that, but now they usually check your credit and ability to repay.

The loan is in what sounds like a quick non-judicial state.

A good CPA will help you get this cleaned up.You'll probably want to formalize the agreement with your aunt and make sure there are the appropriate money and paper trails.

@Steven Hamilton II @Ryan Steele We purchased the home at a judicial sales auction. the property is in spring grove.

First, you implied above that you don't yet have a formal offer.

I've been reading the BP forums for a bit and decided to go ahead and make my formal introduction.I'm currently working full time and hope to make my first buy-and-hold rental property purchase sometime within the next year.

Welcome to BP, Kathi.My question is, first consideration in moving up in corporate, is what is your level of formal education?