Is this property in Texas...I ask since I believe L/O are frowned upon there...legalwise.

My name is Brian Lo and I’m a newbie to real estate investing.I don’t have any real estate investing experience.

L/O newbie assumption of class of buyeris rather naïve, I have never met anyone with that kind of money in a bank (which is another matter) that has a credit problem.

That just may give him the boost he needs, if not, if the LO is good enough to work with the Rescore program, he/she should also be able to give insight into any other trade line that might need to be addressed in order to boost the score.  

Are you saying you are going to buy the property from him for the $170k he owes, then L/O it back to him?...

@Kelvin Schaeffer The best thing for you to do is find a good Loan Officer or broker that can structure your deals correctly the first time.When you have a good LO in your corner not only will these questions be answered but you can form a game plan for all of your future business.I hope this helps and have a good one.

Brian Lo

Using your example of Civic, do you know if the individual loan originators need NMLS license in CA, or is it sufficient that that company is Licensed and that covers the LO's?

If you structure the deal correctly as mentioned in the article and make it clear that the option fee and the rent payments are not refundable, I can just have the renter move out and repeat what I did with a new LO?

My LO mentioned a USDA incentive that pretty much pays for the down payment and closing costs for low income communities.