The note holder can't hold you responsible for collateral deficiencies as it's their property.I saw no questions on that sample test concerning seller financed underwriting which leads me to think the topic and differences isn't taught or addressed in training.If seller financing is included in training, if any originators have received such training, I'd sure like for you to chime in!

Doing one deal without a license can fly under the right of one to transact their own interest in a situation, doing it as a business with ongoing transactions is very different/Another issue here is that any listing of RE in any book or magazine or publication of properties not owned requires a broker's license, to advertise RE for others, including FSBOs.Saying you're not listing for the public may not have much weight to it if anyone can join.

Of course you still look for other properties in between then.There is no gravy train out there and real estate is hard work and so it investing.

And they'd have great potential - if they were someplace else.The potential that you want to train yourself to look at is not the aesthetic or creative potential but the financial potential based on well researched and verifiable assumptions.

Then, with some training, they can subscribe to NADA and be able to establish all the different values that apply to that home.Knowing the condition of the home, inside and out, is necessary to accurately set the value and that should go without saying.

I am just starting to build a plan to start a REI business for myself.My plan is to have REI be my main source of income in 3 years.I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences...

Ongoing Maintenance (@10% based on 100% occupancy): $130/moCap-Ex/Maintenance Reserves (@10% based on 100% occupancy): $130/moTotal Other Expenses = $553/moFinancing: 20% down, 30yr fixed @5%.

I would not pay for any investor training seminar.The ones I've attended have been very short on detailed, actionable information and long on sales pitches to get you to sign up for their next level of training.Being both a licensed agent and an investor has its benefits.

I live in the Philadelphia PA suburbs.My plan is to have REI be my main source of income in 3 years.I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences...

Become a realtor -- makes sense -- you get access to all property listings and the training inherent in becoming a realtor.