It sounds glamorous, like day trading stocks, but it's requires a large time commitment and the risk are greater.

If you can get a better rate elsewhere, do so.If you can't get a better deal elsewhere, or the timeframe doesn't allow for cheaper financing, then make sure the deal supports it before you commit.

If you're not a licensed real estate agent working under a broker, you're committing a felony in all (or at least 90%) of the states.

Many of the larger banks are putting resale restrictions on their deals, and the buyers also have to sign an affidavit at the closing table stating they don't have any deals pertaining to the property that aren't disclosed to the bank -- if you had a side deal, the buyer would be committing fraud.That's going to be the big hurdle...

Rather it was to test your theory that the lender has to accept the commission because the seller contractually committed to it.

You need to have some reserves for repairs vacancies etc.If you are not able to obtain long term financing from the owner I would be fearful that in 6 months you may be unable to get your new loan. also, consider that if you go to get a new loan you will have closing costs that will require cash unless the owner is willing to pay your closing costs as well.You need to get concrete numbers and start putting them together in plan. sounds like you are in the beginning stages of planning. please make sure you have a solid plan with realistic numbers that work before committing to this property.I hope this helps.

So once the 1003 is loaded in, and the response comes out, that is a "Conditional Commitment" or sometimes refereed to as a "Stip List".

We want to buy a house in Bucksport Maine and are looking for a buyer or lender and let us show you we are committed to our future.

"i would tell investors that because i am so young, i have so much energy, so much time, no other commitments, that will keep me from working on this investment.

No, its because it shows the ability to commit to something, to take it seriously.