I had a felon arrested today for criminal trespass - details on tonight's blog.

I have previously had this guy arrested for criminal trespass.

Mark,Passing on that much money is a criminal act.

Much more thorough and does evictions, criminal, and credit check. 

Cops, lawyers and criminals. 

Unless your agent is also an real estate investor I wouldn’t believe what they say on the matter No offense taken.

That could be criminal in nature, so it is very serious.

No offense to the licensed GC above, but doing anything a tradesman tells you to do will bankrupt you pretty quick. 

an interesting idea that popped into my head has me wondering whether it is creative genius or technically criminal. so i am asking this community  (would be great if a real estate attorney could chime in) if anyone knows whether the law somehow would be against this, or if it is allowable.the idea: A) my LLC (of which i am the manager) gets a land contract on a house for less than $100 earnest money ($200/mo until $10k is paid)B) since the property has an ARV of $40k, i personally get an FHA loan to buy it from the LLCC) LLC pays off original owner and has $30k left to invest in new dealsD) i make my payments to FHA lenderE) eventually LLC makes enough to pay me high enough salary to then pay off mortgageparts 2-10 of the question: if i have little to no cash to spend (might need 10% down for FHA loan [$4k]) can my LLC give me credit for the $4k (maybe for prior rents paid, or sweat equity repairs) and that count as my down payment within FHA standards?

IE criminal and credit checks....Credit is a credit check on the person.. to not do this I think is a mistake... people talk great game then you find out they have a pattern of not paying bills ... stiffing ex wife and child support etc.you make the call on credit what's important to you.that's basically it and of course buy title insurance with lender endorsement ALT A policy.Keep tabs on hazard insurance ( even will insure them myself and just charge them at payoff) and of course if your going over a year check on property tax's.If your doing rehab loans.. consider a hired inspector for 100 bucks an inspection and charge borrower.NO second or junior position lending ever .. just not worth the brain drain..