Iknow that in Cali the broker has leeway in originating a loan, beyond that, I suggest you get a mortgage broker/originator or ensure the attorney understands and can/will certify the note and you as a Realtor (or investor) not get involved in the processing or setting terms.

You need to qualify that tenant before involving them in anything beyond a lease.

I have a handy spreadsheet that helps me quickly assemble the various numbers (ROIs, cash flows, etc...) involved in assessing a properties potential.

Naturally, if there is a time-framed lease involved, no changes can be made outside of both parties consent to an amendment.

I'm looking at seller financing and "subject to" and what all that involves.

I ended up calling the listing agents on my own and just involving my Realtor ( not the same one that responded late) at the end to fill out the proper paperwork.

Hello all, one of the things i am wondering as I contemplate how to prepare to get involved in the real estate game is getting a mortgage for an investment property while i already have a hefty home mortgage.

I guess my next question is when Fannie Mae goes to count loans involving Fannie Mae foreclosures do they count ones you already own ( i have 2) or do you need to purchase new foreclosures to get the fixed rate?

Hey Joe Capobianco, I plan to stay involved.

Well, we are super happy to have you jump in and get involved.