Also if I had to do it again, I would have done this route: become a processor for 8 months, then become a LOA for one year, then become a LO.

@Brian Lo Thanks for the heads up I found the FIBI Long Beach meet up group and I see that there is a meeting at the end of the month on tax tips.

This is where your LO should be working with you to give your all available options so you can make an informed decision.

Just be very careful setting up the L/O contracts.  

Personally I would go land contract - then you technically own the property (get the LC recorded) and your good to go - you can do what you wish with it.Either way - make sure the LO or LC calls out your ability to rent / sell it.

LO called and said it was reviewed by UW and good to go, asked me to pay the $1500, after which I was told the next day that UW didn't like the property.

I posted this in another forum (wasn't sure of the right place to put it)I and my brother are looking into investing in Ocean City, MD using Sub2 and L/O deals.

Hi, I recently moved to Montana, the Kalispell area and haven't had much luck uncovering the names of a local Title Company and/or real estate attorney familiar with For Sale By Owner, owner financed lease purchase or...

https://dockets.justia.com/docket/illinois/ilndce/1:2023cv16...https://www.ripoffreport.com/report/david-hughes-genie-walte...https://www.courtlistener.com/docket/68037763/north-haven-lo...https://www.courtlistener.com/docket/68086281/seiler-tucker-...

I need to ready more s-l-o-w-l-y so I get everything.