I'm not licensed yet, but I'm planning on sitting for the exam in the next couple of weeks.I look forward to staying connected.Best of luck!

You might have a quicker path if you work for another broker, pay and benefits will probably be less than a larger institution, but the ladder is shorter.There is also the path I took, going with FDIC as a bank examiner, that gives you experience quickly that most brokers would never gain in the business and it opens doors widely.

They even did a compliance review where they examined many of these ROBS transactions and issued commentary on where people stepped afoul of the rules (didn't file 5500 or 1120, went out of business, didn't value the company).

Welcome to BP Sierra,First, you can try to get a contract from a Realtor, if they don't hand them out you could make a really low offer on something and get a copy (lol), but that should be examined and modified for your use.

As the government looks for ways to raise revenues, it is only a matter of time before they start to re-examine "perks" we investors get to take advantage of.

Frank is right based on my research but make sure you put in your initial contract to allow your buyer(s) to enter the property, inspect or examine, holding the seller harmless of anything that could occur.

Once you pick an area that you are interested in, start examining the properties that are on the market.

Title examination, perfecting liens, assessing the book value of the collateral.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Yes, I plan to take my real estate exam in next couple of days“ more stable in Chicago than it is there “ ~~~~~~~~~~~~~~~~~~~~~~~~~~I agree more opportunities in Chicago“ Do you work with inner city real estate, and if so, do you find it difficult to unload a rehabbed/ updated property that should hold a significant value do to increase in neighborhood deterioration/ crime rates "~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Currently most people our not investing into Milwaukee inner cityMajority investors our running to Milwaukee Suburb communities

I'm just turned off by the prospect of having the loan go into default and then moving forward with foreclosure... though, I hear some people get into debt deals hoping for that to happen.Perhaps you can't really generalize, and must examine deal by deal...