Just let them know that you send a 100 of offers a day and it would be a waste of paper and time to fill out a complete purchase agreement..Now if there client agrees to the LOI then by all means send in a purchase agreement..Make sure it says and or assigns behind your name and in the addendum make sure you have your clauses " Outs" like Subject to partners approval, Subject to property title search.

Hence you do have the ability to protect your position if it makes economic sense.There is no DOS issues if you effectively assume the 1st after foreclosing.

How will this effect investors starting out trying to get a mortgage for the first time?

Costs that eat up some or all of the savings you might have from a commission.Why waste the time getting a license, finding a broker to work under, paying Realtor fees, putting in office time, paying the other fees required of an agent and have to face continuing education requirements for what is retail sales.

the challenge seems to be in finding an escrow/title company that will allow the "double escrow" to be done.....for example: there is an escrow open that is required by the lender once the "approval" from the lender is secured....then there needs to be another escrow opened between the "buyer" and the "end-buyer" on the same property....so, "end buyer" comes into escrow with the $300K plus closing costs, closes existing escrow on the property...then the title/escrow officer walks into the next room and applies the $250K plus closing costs to the original escrow to close that one.in theory and once in the past this was the way it was and still should be...but, now as it seems, most escrow/title companies are not wanting to do the "double" escrow for reasons of "full disclosure" to all parties, for fear of not being "sued" for some type of fraud.those of us not engaging in these tactics get penalized.....but, such is life....i have a title company that has stated they will do a "double" escrow but, will need to let the lender know this fact. not disclose the "amount" the "end-buyer" is paying, merely disclose there is a 'double" escrow in effect....well, obviously this should kill the deal right at the very end....so, not a wise direction to take....

If the competition offers a service that is time intensive but produces low results let them waste their time while you get on with it.John Corey

They may get really cheap when the casino smoking ban goes into effect on Jan 1, 2008.Jon

I agree with John and Nate here.Forming an entity before you've done anything will only complicate your life and may be a big waste of money for you.Get involved, do some deals, and then down the road after you've made some money then you can look at incorporating.

We get to feel the smelly effects of an ignored septic by walking around the exterior of the SFR.

John:Money-back guarantees are used so regularly and so extensively that they generally are not as effective as advertisers generally wish.