This sort of thing is evaluated when the loan is made.

At least 5 of them, and I am sure BP has multiple investors that have attended these sort of events.

7.75%$775 * 6 / $60,000Most of us aren't happy with that sort of return but if it meets your needs, go for it.

If you can start with a situation where you can do absolutely anything you want with very few restraints, AND you have a lot of patience, AND you've done massive renovations/builds in the past, AND you're a total house nerd with a true appreciation for space and architecture, then I MIGHT suggest that you take a shot at the floor plan yourself.The sort of houses I build and renovate often are on tight lots, with zoning restrictions galore.

One is to find something that you find, at least to some extent, enjoyable and motivating.

These investors often turn into very motivated sellers, or worse.

If she will not go for such a scenario that solves the insurance dilemma then I will know she has other motives and will be out to screw me in the future.She is pushing me to sign the quit claim but I told her I do not do anything in a hurry and I have to analyze the situation.

As a continuation of this topic that I posted, what I've done since then is started with another investor doing "Property Locations"/Birddoging if you will.This is helping to build my confidence when speaking to Sellers, (motivated or not).

I'm unaware of any rules surrounding this sort of transaction since it's new to me but seems legitimate.

I have recently set up shop in order to get into wholesaling and received my first call today from a motivated buyer!