Large private lo How did you finance this deal?

It took me a couple of years to actually get wind of a website for it, searched my name, and lo and behold there was the insurance money.

@Devyn Caraballo I’m in the midst of a 203k right now and in the beginning it seemed like things were totally coming together-I had a LO who had done about 20 of them previously so good experience there, the LO and the consultant had worked together before so that was good news.

I'm also Newbie to BP but I think I can provide some guidance here although I'm not a licensed LO, my fiance is licensed in 49 States. 

Banks/Credit unions often (not always of course)  have "order taker" LO's which means they simple so not know how the sausage is made so other then simply W-2 income they often do not know how to handle it.and 2, they need an NMLS number and to have a license in the state of the property.

All that mortgage paperwork your LO asks you for, that's basically what you are doing, helping them manufacture something to be sold to the "War Department" (the Fed) for above-normal levels of profit (note that I'm not opining on if I think this is good public policy or not, I'll leave that to others).

https://www.toledoblade.com/lo...https://www.dispatch.com/story...https://www.restaurantnews.com...https://toledo.oh.gov/news/202...

The power of that relationship with a knowledgeable LO will bring you networking opportunities, as well as leveraged information to qualify your clients and, ultimately, get those clients across the finish line!

So, the attorneys just say they will not do them and the LO's assume it is some sort of law.

Basically, if you learn your market and know how to talk to sellers, you can wholesale, L/O, etc to buy/acquire properties with very little of your own money or credit.