Early payoffs are red rockets carrying red flags with sirens blasting.

- if a big dent, would the second home rate sky rocket?

It isn't rocket science, but a rocket scientist could tell you this loan makes sense.Thanks everyone for your comments, I am learning a lot from this site and its members!

Door Knocking and Cold Calling, are effective but too many of us sound like canned salesmen and the barriers go up faster then a fourth of July rocket.

And although I don't believe you would have to be a rocket scientist do do a proper application(s), I do believe there are certain tricks of the trade that you may know learn from the internet.

Actually, 'd try to call her.BTW, if he is military and overseas, they won't likely be foreclosing and would probably be happy to take a short sale.Yes, don't over think it, it's not rocket science!

We might understand the word(s) but the whole concept and when best applied is a deeper subject.In the beginning of learning creative real estate we can all get a bit antsy and want to get ROCKIN' & DOUGH'IN however the wisest move is to tame those rockets and study then choose a real estate niche (super important in the beginning imho) and WORK IT.

There are literally rocket scientists that work 80hrs per week in an attempt to beat the market and can't do it.

Seems like a legit use of a rocket IMO ;)Kind of like "Rachel from Cardmember services" that calls me weekly to remind me to test my smoke alarm ;)

These requirements are not rocket science, but they are procedural requirements where mistakes could void all of the protection you gained by forming the LLC in the first place.As for the cost of forming an LLC, $2000 seems very high.