John, I have always thought the RE Brokerage structure was very close to the securities business and insurance world, captured agency relationships, product development and a sales force.

I have a contract Im getting ready to secure this coming weekend from a motivated seller and going to market the crap out of it and lease option it to a buyer...

Funds may only become sufficient to close prior to closing in the closing agen't account.When the deal funds, the HML breaks down the deed of trust with a collateral assignment, often in violation of state/ SEC regs, as that is an unregistered security, but usually only known between the investor and the broker.There are other ways, but this seems to be common, the new verification requirement will probably change this, hopefully for the better

So my question is, is there a specific contract that needs to be filled out in order for me to secure my passive income from this deal every month?

I just inspected a property yesterday, and got my first real look at it.Here is the information:Asking Price: $15,675On the Market: 79 DaysComparable Comps: 25-35K (I believe this to be a little low right now (The area just a few years ago was roughly 55-65K)Expected Rent: $500 to $600I did not factor in Closing Costs, but I figured a $7,000 bid offer with a contingency for inspection.Since most of my cash will be used up in the initial purchase, I plan on using the property as collateral to secure a personal loan for $12,000 at 7.5% (Not sure if this is too high) over 5 years.I assume that I got the COC correct?

6:30am to 10am Woke up (finally after literally 4 years of wanting to wake up early to get my day started, I actually am) Began to strategize on days activitiesChatted with my new Full Time Social Media/SEO/Web Designer in the Phillipines10am to 6:30pm Time with Family.

For co signers, I require social security number, employer and annual income.

I stumbled upon Bigger Pockets one day while cruising the web for credible advice for newbies!

Setting aside the security/liability issues, you can now put on Smartkey, which makes re-keying even easier.

For those looking to learn more about our new securities environment this is an excellent read:For those looking to learn more about our new securities environment this is an excellent read:The article does a great job of talking through the constraints for issuers and the problems with the current legislation from a state securities standpoint.