I think the reason for this is that they are also trying to rent out a bonus room lacking a closet and therefore not considered a "room."

They have a very generous commission split.

You could either take the money and use it towards a private or hard money loan to pay the down payment and do a couple fix and flip, or use it towards a conventional mortgage on an already flowing cash flow Property and enjoy the bonus income.

At some level are you just trading one income vehicle for another with the added bonus that you get the asset back (albeit there is a risk if the property gets trashed due to bad management) if the lender flakes out (and of course the hassle of calling the note).Hopefully some of the experienced private money lenders will jump in on this one, as it is a fantastic question.

Hello Brandon, I purchased the books on flipping a few days ago but have yet to receive any of the BONUS material that was promised?

I now have a great foundation of knowledge and my courses in AZ covered the basics of financing, property management, the different career fields in real estate and in addition I had that added bonus of having an investor as an instructor which was priceless!

In my newbie opinion, the biggest bonus for having a real estate license would be getting access to properties without needing to coordinate with your agent.As an example, driving through a neighborhood and spotting a vacant house with a for sale sign on it.

I even had a bonus in there for one property where the tenants moved out early.

Even if you're at just two loans currently, the lenders that will go up to 10 are investor-centric lenders, and they will be better to work with, on this loan and down the road as you do more.So your current lender may not be the right one.Also, the following are bonuses you can look for in the lender:* They're "direct" to Fannie Mae; this means they use Fannie's guidelines for the most part, without applying many of thier own in-house revisions (which are ALWAYS more restrictive for investors)* Ask them if the underwriter is in-house and local.

Any improvements or restructuring will be a bonus.