Don't let people tell you it will cost $1,000 or even $600 for a nice mobile website.The differences are HUGE when delivering a better consumer experience to a potential home buyer.For an example if you have an iPhone, DRoid or whatever then visit this example mobile website from your phone.http://www.realestate.bradroark.com/Good Luck

From a licensing point of view you will need two licenses, the MLO and a consumer lending license for the company.The exception to that rule is if you are financing a home that you actually lived in for two years or more and it was your declared primary residence on your income tax forms.Even with the licenses go a plethora of compliance issues from Red Flag to Debt Collection practices, and everything in between.

I bought it outright, financed the costs to fix it up but need to wait 6 months from the purchase date to get a mortgage on it to cover the fix-up financing (5% with mortgage vs. 12-19% consumer credit).

I recently shared about my first deal consisting of a rental unit that I have 13K in cash and about 12K in consumer debt (interest rate 12-14%) invested.

Credit Unions are key for all states right now due to the banks due process turnover with consumer fees

(use the TILA - Truth In Lending Act) which shows you the APR for your loan, this is inclusive of fees and charges and is designed to provide the consumer with a comparison tool.

Some lenders require the borrower closes in the name of an entity because it is much easier to show the loan was “business purpose” rather than a consumer loan, which makes all the difference in foreclosing, loan pricing, etc.

I can’t think of many passive investments like this, sold to non-accredited retail investors, at large ticket amounts per transaction, that has no specific regulation aside from just standard consumer protection laws.

If property insurance lapses Lenders can do what's called "forced place insurance" on your mortgage.Generally the lenders buy the Cadillac plan that covers everything and escrows the payment into the total mortgage payment due.It is much cheaper for the borrower to have their own insurance then for the lender to force place it.He could always accelerate and foreclose depending on how costly and time consuming that is for that state.I would think foreclosing and accelerating the note would be the same motivation as when a tenant tells you a few more days and you will get the money and you file eviction and the money magically appears.It seems if he sends the foreclosure and default notice the buyer will know they are serious.

http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4155.1/41551c1HSGH.pdfTry that link... not sure if that's the latest but paragraph 1-2 seems to discuss this.