@Marcus Durant Congrats

second investment:Rowland NC - house 20 years old - 1600 sq on .4 of acre for 24k - probably purchase for 18k or so - with property management and all expenses - possibly a 300 positive cash flow - we don't expect any appreciation, but in two years or so, could probably put on the market for 30k or so - or possibly L/O...we'd also be putting down like 8k...so the mortgage would be 10k...

And everyone knows what that means, they'll likely run into a LO who needs to meet an application quota and will tell them anything they want to hear just to sign the deal up, regardless if it has a snowball's chance in closing on the terms they quoted or closing at all!

Just confirm with your LO that it is title, insurance, and transfer taxes - I would imagine you did this already and you are just confirming with us.

I've been an LO in the past.

I guess the bigger question is why the LO did not know the income was not going to qualify earlier then 3 days before closing.

It takes a little tenacity to get started, but then it is a very well paying business and a lo of fun.

Lo and behold I came across a 5 year old post of yours "OK,next Step...Mentor Sherman Regland" Great post and feedback.

The biggest confidence booster in being able to invest abroad for me was tapping into a network that was established and I had seen work already via my seat as an LO.

I heard about it on Norada's Passive Real Estate Investing podcast (from July 9) and then lo and behold an advertisement on my facebook showed up from another company that seems to do the same thing (point.com).