A commitment letter is not a mortgage.

I already have 2 renters located, to tone of about $3-4000 a month in commitments.

My guess is that it will be a virtual slap on the wallet compared to the lives they destroyed with the crimes they commited.

Big rewards with big expenses, big commitments and big surprises.I will tell you this about the big deals.

This is all too complex to explain the revenue potentials on a forum or in any short space but that being ok as well as we have a group that currently is involved in this commitment and yet I fear they will have limited resources and possibly may be looking to bring others in as well.

If a member of an LLC (even the Managing Member) commits a crime or does something that triggers a lawsuit, the LLC will not protect them.What can be done is the personal assets that the person one time owned but put in a trust or other vehicle will not be lost if the person really does not own them.

I decided I want to work full time until I can get far enough in real estate to make it a full time commitment.

(7% from the sale to me, +3% and the sale from my sale of 4%, would be a total of 14%, the normal commition) I'm thinking that is generous, because I fell that the re agent should lose too, maybe if I only pay only 2% at the sale of my property.

Again: I am not suggesting that YOU would commit fraud... but there are scam artists that might try to take advantage of you.

At the conclusion of processing the pre-application, we will issue an Invitation Letter, which is a written commitment agreeing that the project is both feasible and setting NOI to be used for underwriting.