I would never, ever, under any circumstance allow a real estate broker to have access to my credit file.

As for getting your license, it will help in specific circumstances, but overall it is not necessary.

It can vary or be negotiated under some circumstances.

Only in this narrowest of circumstances will the issue of whether or not you hold your property in an LLC even be an issue. 4.

BUT there is at least one company out there that makes (creates) a distinction between the three and have three separate programs to offer: Lease Option for one or two years (no obligation to buy), Lease Purchase (rent for six months before having to close), and Rent-To Own (Tenant pays extra rent that is held until enough Option Consideration is saved up to do one of the other two programs).

Lenders will do them under the right circumstances but it's never a thing where you can say, OK I'll get back to you.

In special circumstances, we've been able to develop strong enough relationships with developers that they are willing to quit-claim the lot jointly into the name of my firm and the investor.

In my opinion, given the right circumstances there's nothing wrong with an interest only loan.

I would like to make a distinction between "investor types" because I have been getting too many calls and emails to mention from newbies who seem to be attempting to jump into this and can get themselves into a lot of trouble without realizing it.

Basically, we made a hasty decision and overpaid on this house a year ago, at a time when a number of personal circumstances forced us to act more quickly than we would have liked.