I took 3 semesters of trade school classes in the subject before realizing the school wasn't going to deliver on their promises.

If that's the case, it's usually much quicker (instantaneous in some cases) to deliver the deed personally to the county recorder's office and get it stamped/recorded over the counter.

You can do it, and once those units are rented, you'll need to sacrifice more (personally - get a second job if needed delivering Pizza) and pay back the lender what you are behind.

Those are all value-add's delivered by a wholesale buyer.

Installment contracts are initially bilateral agreements that become unilateral requiring one party to act, such as delivering the deed after payment has been made.

They definitely try to get you on upfront fees (not saying they don't deliver on the back-end, I have no idea)...That 13.99% rate is reserved for members of their elite program, which costs more money upfront.

In either case, their ability to deliver what they say, matters.Of the companies you are considering, I think it is very important that they deliver as promised, don't change the terms mid stream, and are clear in their requirements.

If she can also find and deliver off market deals, that's great too.

I put "EM to be delivered by certified funds with 48 hours of contact acceptance."

Josh I have talked about this many times.On the residential side all these scammers used to exist.Sell the loan off so they didn't care and closed up shop when it fell apart.Now that residential is under huge government regs they have all moved to the commercial side.All of these people advertising many are just helpless point and fee takers getting sucked up into the scam.Many of these so called lenders are not lenders at all but mills running due diligence fees,insurance fees,deposit fees etc. and then say they can't fund later on to deny the deal.I have found direct lenders are very hard to find and I find one of those for every 20 scammers.As a buyer you do not pay upfront fees except for appraisal,survey etc.You can talk to these scammers on the phone and can tell by what they say they are not a true lender.I do very heavy lifting to make sure my lenders are real and I am not dealing with a middle man to protect my clients buying properties through me.Any company claiming to be a lender that will fund anything is more of a conduit (middle man) taking fees.A reputable lender will display recent closings and details of the loan.They will have very detailed rate sheets along with terms and conditions of the program.Any points will only be paid at closing when they perform.Many of these lenders will be highly specialized in a particular asset class and not broad in scope.The interest rates from legit lenders will be very close in percentage rate and LTV's.The difference being in how much money they have to lend and what loan size they specialize in and recourse versus non-recourse etc.Many lenders can promise but very few can deliver on the rates promised and close it.