They require that any written advertising contain their logo (which has to be as prominent as your own logo if using both), must disclose licensure and they also want to review every piece of written marketing to ensure that it doesn't open them (or you) up to unnecessary liability.Personally, that last piece is what makes it difficult for us -- our brokers are pretty rigid in what they don't want us to say, and it is detracting from our marketing success.

As a wholesaler, you rarely take title to a property, so I think this is an unnecessary expense.

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

Some companies will complete unnecessary work and bill you for it as a way to earn income too.

I have also recently begun getting rid of unnecessary debt obligations in an attempt to decrease my monthly expenses in order to save more capital for REI.

Maybe casually mention it, but taking applications seems unnecessary.

The best thing about this business is that you don't have to worry how you look and you can always concentrate on your job without getting conscious of some unnecessary things.

I think there are examples of when I feel title insurance is unnecessary:- Deeding a property from entity you own to another entity you own (aka: deeding a property from your name to a trust).- Recording a 1st trust deed for a sophisticated party that is short-term.

Using credit cards and 401K is taking on a lot of unnecessary risk because you likely have people around you in a better financial situation and their cost of money is much cheaper which could make the difference between a profitable flip and an unprofitable flip or a rental that cashflows and one that doesn't.  

Overall, my feel with SoFi is that they don't have a ton of seemingly unnecessary paperwork and delays and have a modern streamlined approach to lending money.