There's no point in taking a risk when you can cover yourself and your customers by getting your license.

Particularly as the number of loans you're working with increases.I'm a big believer in taking care of the pennies first.

Although you have to work odd hours to convenience clients, you also have flexibility in taking time for yourself when you likely would not be able to if you were working a typical 9-5.

You need to dive in, take a few lumps and get some education from the school of hard knocks!

Get their contact information and say to them if you run across something like what they are looking for would they be interested in taking a look at it.

Lots to take in take your time and if you need any help feel free to drop me a line!

Working to see who can assist me in taking out additional equity and refi out of a FHA at a higher rate but the reduction in PMI can help me with the cash out to purchase another property.Our situations are not exactly the same, but to me it seems that a preliminary screening is done by the loan provider asking for the mortgage outstanding and the appraised value and credit score.Then look into the required LTV since a refi and cash out option can result in a higher interest rate and lower LTV requirements.Hope this helps.

These two properties were really good for me to analyze the nuts and bolts of the deal and with the help of your input I feel much better about how I'm looking at/for these deals.I ended up passing on the 3 family, as each unit needed work to be done, (two a little more than just paint&carpet) and the owner ended up going with a different offer at least $20k higher than I felt comfortable with.As for the large single fam, property has gone under agreement after I initially offered on it, I believe it went for $285k range which is a fair price, (ARV conservatively $430k) however with my lack of experience in flips and the property needing a complete renovation (near $100k estimated) I was not comfortable in taking on the project.For now I would like to get into a owner occupied 3+ family, for favorable loan terms (1st time home buyer) and cash flow of tenants.

While there is more risk in rehabbing, that is where the most value is created, in taking a run down place and making it into a nice place that can command a retail price.

I happened to mention this to a branch manager and she said she would be interested in taking a look.