I asked them about their broker-dealer license and we're set to do a follow-up call tomorrow with Sohin.Our Fundrise network is growing rapidly and I still like their model the best of the ones I have examined so far given my network.

Then I typically get as a response, "But I figured if I contacted the bank directly, I could cut out the middle man and save us both time and money", and while on the surface that may sound good, any perceived time and money savings is all but gone when I have to spend time and money explaining to my examiners, regulatory agencies, auditors, CRA agencies, Compliance Departments and so many other entities why I sold a home through direct contact and negotiation with a buyer, instead of listing it with an agent and maintaining that "Arms Length" relationship.

Do you just hate bank examiners?

In addition to manditory study, an applicant has to pass both a federal and state examination, which is not terribly easy to pass.

To determine whether an arrangement is a lease-option or a sale, the IRS examines all of the facts and circumstances surrounding the transaction.

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.