The neighbors have brought me multiple leads within the same neighborhood because they know my goals and have faith in my ability to turn houses around.3.

He does no Good faith at all. you get a Hud at closing.

I collect a good faith deposit from the borrower to cover the third party due diligence when a term sheet is issued and signed by the Borrower-not before.

I put my faith in Jesus at 22 years of age and my life truly changed.I live in Burbank, home of NBC, Disney, WB, etc.

Which is why I am finally taking a leap of Faith and working toward getting off of it and still support my family.Doug

LOL) After much prayer with my wife we decided to have faith and I would resign from my job at a Fortune 100 company and go full time into real estate.

I recommend use two lenders to give you GFE's (Good faith estimate).

Depending on your experience level though it might make sense to flip 2-3 houses first to understand how to deal with contractors, lawyers, lenders, agents, etc when the stakes are lower.Even though apartments are commercial properties, getting some of the basics under your belt will result in 2 key benefits:You will have a good idea of estimates for normal repairs to the units and can better understand what properties will take once you purchase them to bring them up to your desired standard for the area.Your potential investors might have more faith in your performance if you have some other investing experience under your belt - might even want to consider getting 1-2 rentals to help with this "resume building" if you are going for a number of investors that may not have personal knowledge of your capabilities. .

. - Presumptions.It says in part: "...All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved."

Best for Success- Keep the Faith!