You are better off buying this as a normal purchase or getting cash to cover the rest of the purchase.

You’re responsible for managing the home as normal, now you just charge someone a fee for what you normally do on your own homes.

My guess is that you will be better off just paying a builder their normal profit on the construction than with a 50/50 profit split arrangement. 

Normally, people open a S Corp instead of an LLC so that they can pull a salary from the S Corp and save on taxes.

In normal operations and stable markets, the bank margin is typically about 160-180 bps above the fed funds rate, however we are currently seeing them build close to 300 bps of margin which tells me they are still expecting volatility in the bond market. 

And I had stopped working on those about a year ago when I made the transition over to Full View.I/we have no mortgages, no car loans, no student loans, and a credit card we pay off monthly.I'm just looking to figure out how big of an issue it is that I am not keeping a monthly personal financial statement should I seek a loan?

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and no proof of income Im looking at a crappy interest rate and big down payment on at least -$300k, here in Az anything lower than that its because it needs re habing and to be honest i dont have no experience whatso ever in that field and dont want to end up in a money pit.

My experience with these auctions is they are normally slow and inefficient because the new owner had inflated price expectations.

There are lots of lenders out there that specialize in different things and have different workarounds. by working with the same broker, they'll understand where your priorities lay and since they have a better understanding of your experience, they can push for exceptions that wouldn't normally be approved.I myself am a broker so I may be a bit biased here, but if you do feel that your current broker isn't very good or that they are overcharging you then you can certainly explore other options.

A lot of realtors give good ones a bad name but I can also tell you I get people who ask me for off-market some of the time and this is how the convo normally goes: I explain, "sure but I can also show you homes, set you up with the MLS and - NO NO Pete, we only want off-market.