The best quote that I've gotten is 9%.Basically, Dodd/Frank prevented lenders from securitizing and selling those loans, so they must be kept on the books.I'm assuming since you have four families involved that you would need some sort of entity to hold the shares, and that's going to make it difficult to find financing.

I even reviewed the memo earlier today where the memo said that this rule will help to prevent the most egregious instances of illegal flipping...which was absolutely right because we now do not see it that often.But Steve I think you were doing business back then, so you probably remember when this was prevalent.

One specific question I have with this group and others is what prevents a sponsor from refinancing in the latter stage of a deal and simply returning only an investor's original capital contribution and then subsequently selling the property and keeping all of the appreciation for themselves?

No one wants to sell a hectare of land for an egg, so it prevented further inflation.Land has and always will have value.

I don't plan on sheltering him by preventing him from doing anything, but I'd like to be present and aware of what's going on.  

Replacing of furnace filters more often on the smoker's unit is important to keep the furnace working and to prevent more nicotine residue from getting into the air ducts.

Baby powdering your exposed skin (use a lot) and covering up with long sleeves are totally worth it on the prevention side. 

And you’d be kicking yourself for a long time if you could have prevented all of this by making a few trips day trips to verify the property’s condition, the surrounding neighborhoods, interview a few agents and property managers AND maybe find some other or better deals.There’s nothing wrong with your goal to do out of market deals and rely on a team of experts.

Yes Rick, I would just be checking to ensure the title is transferable and also looking into any other issues that would prevent a smooth closing.

I'd highly recommend it.Secondly, why would the potential of a property having undisclosed liens prevent you (or a wholesaler) from putting future properties under contract??