Very expensive audits are required of licensed lenders, and requirements often include 5 years employed in a residential lending environment as an originator.

Someone I can grow with and learn how to be financially independent.

Basically, you'll hire them to raise money for you as an independent contractor and will usually take between 2-5% raised.

They were also saying a reasonable profit could be allowed for the improvements made, where the 20% is applied as a contractor fee and the 100% pays for such hard costs of materials.It just makes sence, otherwise any property sold at about 80% of its ARV would never sell, no one works for free, except me..LOLIt wasn't about capping a profit somuch as it was keeping inflated prices from being financed and having a cash out buyer or refinance.Where I said the banks were getting lazy, they are taking the easy way out with the restriction, as I'm sure your link shows, (BTW, I couldn't get to it, but thanks) do you think they would rather have a fill in the blank accomplished by some processor, or should they underwrite the transaction and audit receipts for materials as a construction loan wouldbe and then compute the acceptable sale price?

It's a red flag in a lender's audit indicating an interest in the property has been conveyed.The way he explained the due on sale issue was pretty good I thought, I'm sure he has additional discosures, but the approach was good and might be adopted by those doing installment deals.

You might find yourself creating a situation that looks okay on paper but gets overturned in an audit because it lacked economic substance (substance over form).The IRS would likely challenge the use of multiple entities and an ESOP.Once upon a time you could donate a property to the fire department to burn down, take the donation and essentially have a property that was demoed and ready to rebuild.The bottom line is that many of the choices that might have changed the outcome today have already been made.

Yes, it's independent, and it's actually CDPE, there are 40,000 agents with this designation in the US.

@Steve L.Could I be so bold as to ask approx. how much someone like you mention is costing (I read the entry on your website about the process and I'm intrigued)I have a man who is very experienced (managed 98 units, licensed arborist, competent carpenter, plumbing and electric and roofing, intelligent, independent, etc. though he probably is a little perfectionist and might eat up some extra time that way) but he's self employed and billing at (an agreed upon) $27 per hour. this is higher than my main carpenter but he is much cheaper than my roofer, plumbier, etc. so it can even out.

You might try independent agents who have a number of companies to choose from.

Also it's not a bank seller, it's being sold through a Realtor by an independent investor.