Double check the language of any loan on your real estate and make sure it can be used to procure other real estate...some have restrictions.

If you are not able to procure estoppel letters, then don't close on the property without renegotiating the price.  

The broker is in business to make money like any other business, and I think Dwights no commission stance is not risk free for the broker, and that's the rub.If I summarize what I think Dwight is saying:Mr Broker, I will not bring you one cent in commissions, however, I will provide risk to your business as I will be acting as the procuring cause in transactions that only I will profit from.The whole broker/agent relationship is based upon turning transactions for a commission.

Thank you.I am aware that while the medical condition of the owner doesn't need to be disclosed, a letter would have to be procured from the owner's licensed therapist or practioner for an ESA.

My mom purchase rental property in North Hollywood ( rent controlled area ) but she will leave in one unit.She buy this property cause was the last one affordable and few days left in 1031 exchange.Problem is that she is allergic to pets and in 6 unit apartment complex there are 9 dogs and one parrot bird, only one tenant doesn’t have animal out of 6 units.What are the options.

If this makes sense what ARM products would be the best to procure?

You can go even further and begin procuring properties yourself in the same way wholesalers do.

Thx all, I guess it may be lopsided for the first couple of investments then we can go full biz credit when procuring more income properties.

(a) “Broker” means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, attempts or agrees to appraise, auction, or negotiate the sale, exchange, purchase, or rental of business enterprises or business opportunities or any real property or any interest in or concerning the same, including mineral rights or leases, or who advertises or holds out to the public by any oral or printed solicitation or representation that she or he is engaged in the business of appraising, auctioning, buying, selling, exchanging, leasing, or renting business enterprises or business opportunities or real property of others or interests therein, including mineral rights, or who takes any part in the procuring of sellers, purchasers, lessors, or lessees of business enterprises or business opportunities or the real property of another, or leases, or interest therein, including mineral rights, or who directs or assists in the procuring of prospects or in the negotiation or closing of any transaction which does, or is calculated to, result in a sale, exchange, or leasing thereof, and who receives, expects, or is promised any compensation or valuable consideration, directly or indirectly therefor; and all persons who advertise rental property information or lists.

Hi All, I am getting into house fix & flip and BRRR in the Philadelphia, PA area and want/need to procure insurance for my business(es).