It was the best thing for my career because I learned how to read guidelines, how lenders work, spoke directly with underwriters, learned how the secondary market affects origination, basically everything there is to know about doing loans.

We plan to get an umbrella policy that will cover these new properties in an amount equal to the value of our current assets, does anyone have any guidelines or links to how best to handle this?

There's nobody else to interfere and no lender to have issues and delay the closing.When you say this other investor is coming into the deal with you it means that they have given you a set of guidelines about what constitutes a deal.

Then, properties 6-10 will require 25% down.When lenders require a larger down payment for a Conventional loan this is called an "overlay," meaning that they do not underwrite directly to DU or LP Pure guidelines (which is all that's required for a loan to be sellable to Fannie or Freddie).

(probably I could get a heloc after Aug/14), but not sure yet; the bank guidelines sometime is so difficult to follow.

I wasn't quite sure if it was Income tax or capital gains tax, that was paid on any profits from the sale of a flipWith the FHA " Flipping " guidelines, is there basically no time period in which you have to wait and sell the property, from the date you purchased it , and is there still a Cap , that restricts you from only being able to sell it for 120% of the price that you purchased the property for , or is it 120% of the ARV of the property ?

I like this guideline that it should cashflow to your criteria assuming it is financed at 100% (so says Ben L).

One month later when I go to refi to a Fannie Mae loan I am told by the underwriters that the the title company broke Fannie Mae guidelines by giving me cash back at closing.

If the lender is just servicing the loan, then they must abide by the investor guidelines and do not have the authority to make decisions on their own.

Maybe there are other hitches that I am missing in terms of the guidelines for refinancing, possible barriers for a rehab loan, and so on.