You don't need a license to master lease in California and the taxes are less, no self-employment tax like a licensed property manager.Brian, I haven't heard of any relationship between the rate of the DOS being used since this adminstration took charge, if there is I'd say that was a good thing!

An individual needs to perform their due diligence before forming any professional/contractual relationship and that is what I'm trying to accomplish in asking how I can best perform this on a wholesale mentoring program.

If they start talking about needing to develop a "relationship" with you, make sure all your funds are secure and you have a button closing the pocket your wallet is in.

If that is the case, perhaps the answer is to build better systems and better relationships (or more of them) so that you can increase your local deal flow.Flipping out of state without an actual partner with boots on the ground is a very tough challenge and only for the very experienced investors who can handle and adjust to the problems they WILL face.

Historically speaking (at least over the course of my 33 year life), anything under 7 percent is not too bad, although right now today that would be terrible.

They not only broke the written and unwritten law of client representative relationship they were unethical and immoral with their actions to my client.

More to the point, any lender these days is going to require the buyer and seller to sign an affidavit indicating the transaction is "arms length," meaning the the buyer and seller have no relationship outside of the transaction.This clearly isn't the case, so signing the affidavits would likely be considered fraud.

But developing a relationship with a smaller bank is definitely the approach to take.Hope that helps,- Tom

If I do find an investor who has a property available in that area-and it could legitimately be a deal, how can I make sure I get a referral fee from them (investor) other than just trust and a handshake and building a relationship?

Bear in mind that my relationship with MidAtlantic has been relatively brief, but so far I have been very pleased.