I gave my resume and was quickly approved because I had been a bank examiner for FDIC that exceeded their expectations for management and I was in the business.MBs gain affiliate lending relationships under contract with as many mortgage bankers or institutions as possible or as the market requires to offer a product line.In reality, experience matters getting affiliate relationships, a bad egg can present huge liability issues for a lender, you'll find too that many banks won't allow third party originations outside their organization.

Hope that helps.On here it goes by the name "AMERICAN SCHOOL OF REAL ESTATE EXPRESS"http://www.trec.state.tx.us/education/examination/exam_pass_rates.asp

I'm just getting started and I hear all the podcast talking about private investors but I get a bit nerves about.

Thank you so much for the info, best of luck to you as well, and I owe you a coffee if I make it down there :)Johnny - Great point on the price/rent ratios, I'll have to examine this further before making a purchasing decision.

I just finished my fundamentals portion and will be scheduling the exam in another week or two.

Examine ways that you can be of service to other investors and get involved in the forum.Let me know if you would like to be added to our guest list!

No NOD, examine expenses and income, devise a plan, interest rate reduction."

@Tom Wingert I wouldn't buy it.The appraisal is 3rd party and I can guarantee you the person who said "appraisals are coming in low these days" had a vested interest in making money off of you.You can examine the appraisal and make sure the comps are good ones.

I'm licensed in three states, had to go through the courses and examinations in each of them.In every state you can transfer your license to a different brokerage by filling out a form and usually paying a small fee.

Some of the HUDs that I've examined had "no electricity"- but it wasn't that there was no electric service to the house, they had just turned it off at the breaker box.