Chris Depalma It can appraise at a higher price because an appraiser will not view your purchase as a typical arms-length transaction because it is never exposed to the market.

@Chris Seveney  chris did you do your initial training with Scott ?

@Chris Martin“Lately he has bought local restaurant businesses, primarily, but also apartment buildings, land, MHPs, and other commercial properties.”Apartment buildings, land, MHPs and other commercial properties are investments in real estate, not investing in businesses you run absentee.  

Quote from @Russell Brazil: Bank statementHow do you figure out what all their business expenses are with just a bank statement?

Quote from @Chris Seveney: Quote from @Sartaj G.: Hi all,I have two recent mortgages both at $175k principal and 6.625% fixed for 30 years.

Quote from @Chris Seveney: @Arnold CaceresIf the county does not have it online then go to the county with the parcel number and review it with them Thanks.

@Chris Seveney    I do not talk to the Insurance Company directly. 

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.

Quote from @Russell Brazil: Have they owned it prior to 2002?

Quote from @Chris Mason: Quote from @Anna Strausbaugh: I just learned this today, VA loans can be assumed by non-military buyers!