Ok when you buy a pre-foreclosure or say a home with 40% equity....Are you just paying for the note on the property, so that would be your discounted price right?.

As someone who has a background in finance I will simply say(as mentioned above) when mortgage rates are close to inflation rates you are paying cash, just not upfront!

If you move into a MFH, say a duplex, that will probably cost more than a SFH, and if it goes vacant you will be making the entire note yourself.

These added expenses are viewed as a reduction of the funds advanced under the loan.So, if you are making payments on money you never received the effective interest rate is higher on the amounts you did receive.Not all loan expenses are deducted, while a survey may have been required by the lender such costs are not received by the lender and therefore not in the computation.As to your question Will Barnard, just about anyone who can testify with more knowledge than the general public as to industry standards and what is generally accepted practice that the court accepts may be viewed by the court as having expert testimony in a specific area.In this case, such a person (say a closing agent who actually presents the APR of the note and closes the borrrowing transaction) testifies that a $1000 dollar funding fee is added to points to compute the APR and by doing so puts the effective interest rate over the usury rate.

So say a 50k triplex.

Also I could be completely wrong on this but if I am looking at purchasing a large multi lets say a 50 unit apartment the banks will want to see what experience I have had previously, is having multiple SFH looked on as favorably as owning multiple small Multi's.

Needless to say, as soon as I tapped into my network of friends, family, associates, etc.

Sometimes you are hit with a franchise fee per transaction as well in addition to the monthly fee.So it's all in the details.I don't know whether to say congrats to you or say a prayer for your poor soul for becoming an agent !

As they say a bird in hand is better then2 in the bush.

If you receive a fee on one arising from one loan, say a friend of yours (lol) that is one thing, if you are "in the business" you might likely be considered a broker.