Nice situation where talking to a neighbor resulted in the purchase of a house! 

-----------------------------Today’s Interest Rate: 6.93%(👆.21, from this time last week, 30-yr mortgage)-----------------------------Today we’re talking: housing market, interest rates, and a quick update on my latest rehab and rent project. 

@Robert Kline, I would start by talking with your local building department. 

If the credit screening costs $25, then you earn nothing.I believe there are exceptions for a higher fee, but you have to stick to the actual cost of the screening.I would talk to an attorney before charging more than $25 per applicant.

It sounds like your talking about placing offers on properties WITHOUT intent to execute on that PA, that is fraud right there and NAR does not look kindly upon such, nor do brokers or brokerages.

Talking through these things is what helps keep everyone calm, cool, and collected. 

Scale Strategically (if this applies to your goals) Reinvest profits, use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), and leverage 1031 exchanges to grow your portfolio tax-efficiently.I'm a mortgage lender at Aslan Mortgage Lending and would love to find time to talk and discuss your journey.

You have no more at risk than you do in your own home (where you probably have more equity.) or your own car (where you probably have more risk.) and we won’t talk about if you have a pool or a dog. 

Shoot me a message if you want to talk further.

Lastly, if you need help with a loan or want to talk, shoot me a DM or email!