Originally posted by @Dakota Ochoa:@Joe VilleneuveMakes sense, and I’ve heard this before, but I had a hard time making a step by step plan until I just recently listened to a BP podcast that explained how to do just that in good detail.

Origination/administration fee 6% due when the clients receives the money and the interest (usually 4-7%) can be deferred until repayment.

That seems incredibly low–does this mean that they've paid off the original mortgage to a point where they own 98.2% of the home?

But in between you actually have to find a deal that performs with 20 year amortization. 

Originally posted by @Jacob Breazile:@Jeff Kehl thank you for your input.

Originally posted by @Thomas S.

The house was built in 1938, it's a craftsman style home, original hardwood flooring in good shape, original windows but it very good shape, the walls and ceiling had been filled with blown insulation, had a new roof installed in 2017, and the sellers were willing to pay 5k to have the house painted to the color of your choice.  

Originally posted by @Cathie Kovacs:Am I missing something here?

Originally posted by @Daniel Pepin:@Marlon Thomas I’d like to piggyback on your question and see what answers pop up.

they are usually paid for performance.. but some bigger outfits actually bring them in as employees with bonuss'everyone has to eat and pay for gas.