Hi David, Give me a call and I'll give you a free consultation.Daniel Petrucelli, NMLS#1293074Daniel PetrucelliMortgage Loan OriginatorNMLS #[email protected] Financial, LLC1018 E Guadalupe RoadTempe, AZ 85283NMLS: 42056 / LO NMLS: 15420 / BK 0910215

I want to thank Brian Gibbons taking the time to walk me through the different options I have with a prospective seller.Not only did I gain a better understanding of executing a sub 2 and LO, Brian armed me with the concept of JV with the seller.

But they say, God watches out for fools and little children, and lo and behold I'm continually getting better and I really enjoy doing it.

At least if I do a L/O I may not have that as a problem.

Be mindful L/O are heavy regulated here in NC.

Looking for more learning opportunities, my wife searched iTunes for Real Estate podcasts, and, lo-and-behold, Bigger Pockets had a podcast.

Sign the P&S and work with a Loan Officer (LO)2.

The main reason is ND is that it is easier to get property back and I get to depreciate asset as L/O.

The disclosures will tell you if the rate/fees are, or aren't, locked.FYI it's illegal for that LO at LD to get paid $1 more, or less, because of your rate, fees, lender credits, etc.

If that LO could communicate well and give clear answers to their guidelines, etc, then they wouldn't be 'order takers' working on HELOCs, they'd be 'rain makers' doing mostly 30YF first position mortgages.