With bigger pockets to back me up and answer my questions it calms my nerves a bit.The toughest part I have now is to find my first deal.

It was a bit nerve racking to take the plunge, but with the help of folks here I was able to do so with much more confidence than I would have been able to do without BP.

@Sam EricksonHi Sam,I just took and passed the RE Salesperson Exam in WI.

I've started to use them a time or two, but by the time you get done doing the deal you've got so much in, monthly payments, and then they have the nerve to ask for a credit app after you're at a 50% LTV with real money in the thing.The best thing to do is find private lenders, people with high savings that can see the value proposition.

Let's start you off with Bill Gulley , he's a former bank examiner, and has experience in all types of niches.

Now, if you find a DIL to an individual or small lender you may head off a sale process, that's about the only use where a future sale would probably be considered.You can search QCD here on BP and find the issues concerning them and their use.To build a marketing program around such filings, as I said, won't yield much, there is no indication that there is a motivated seller at the end of that conveyance, if there is even a seller.I'm not sure I'd be excited about trying to obtain good title from someone who had received title by a QCD, that brings up additional title examination and research to know I had a deal, not impossible or difficult but another issue to address.

This home was large and there was that "chance" and at first it was nerve racking knowing any "hidden" problem could be scary but as long as you do yout numbers and do the right thing you will come out victorious!

Of course you are still limited to the number of deals allowed and doing this time and again would then constitute that "any method or scheme" issue.The only way to avoid these Acts is to qualify for the allowed exemptions, but if you're in the business of RE, expect anything you do to be exempt to be examined as any ploy as a business and not strictly a personal transaction.Folks would have less brain damage just complying with the law instead of trying to out smart regulators.This is the way things work in reality.

CONDITION OF PREMISES: Tenant acknowledges that he has examined the premises and that said premises, all furnishings, fixtures, furniture, plumbing, heating, electricalfacilities, all items listed on the attached property condition checklist, if any, and/or all other items provided by Landlord are all clean, and in good satisfactory condition except as may beindicated elsewhere in this Agreement.

I would examine the deal they got for your friend or other investors and see if those deals fit your criteria.