The best thing you can do is plan that the first year will be on the lean side.

We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

Any other fees such as close out fees or payoff demands are paid out on the back end when your loan is refinanced or paid off.

Showing off my data will only give people the wrong impression.

It wasn’t a massive deal—our expected assignment fee was $10,000—but when you’re growing a business, every opportunity matters.Everything seemed to be moving smoothly until the title search revealed a major roadblock: the mortgage discharge couldn’t be cleared because the person who needed to sign off was deceased.

Sorry, he just ticks me off. 

Was the condo a good size unit and in good condition?  

As you read these books, watch the BiggerPockets podcasts.

Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?

I am considering selling units off as they come available as co-op's.