I expect to be paid no later than Monday at 10pm Unless arrangements have been made in writing, by text, eviction process would begin that Wednesday if balance had not been paid in full.  

All told, the GP is making $337,500 just to arrange the deal (not including their reimbursement of any out of pocket costs they have already covered: due diligence costs, broker costs if they are paying anyone to bring them deals, legal setup costs, etc).  

It was a very sad reality to me but I left that arrangement with him owing me a lot of money.

It took us thirteen years to get to the point where both of us could quit our W-2 jobs, or at least substitute our jobs with work we do to support our real estate investing.Yesterday I cleaned out my palm sander, sanded down a door with 220-grit that I had primed the day before, arranged to meet my agent at a property we're about to put on the market, primed a doorframe, read about personal finance for two hours, put together a shelving unit, dealt with a tenant over an electrical and cable internet shutdown.

Know a landlord that had tenant pay them cash, but arranged for friend to mug him before he got to his car.

I am also making calls and looking for opportunities where a seller might consider seller financing or a subject-to arrangement if the bank owns the property.

Our goal is to provide tenants with some suggestions as to how they can arrange for new ways to locate their things (storage facility, city yard sales, arrange for hauling service, etc.)

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.

In this arrangement, instead of obtaining a traditional mortgage from a bank, you negotiate directly with the seller to finance the purchase of their property.

I usually ask potential candidates to review my screening criteria before arranging a showing or submitting an application.INNAGO not only helps you market your properties but also assists in screening prospects.