I cringe when I hear Canadian investors paying US based gurus to guide them in Canada , same when I see nowadays lots of us listening people that have no properties, or only a couple properties that barely cash flow.Filipe

When I made the switch from credit admin to loan production, the first message I received from a colleague was "welcome to the dark side."

I'm sorry this happened, but your responsible for buying the product and choosing those tenants.

In fact, scores are not the issue to prudent lending requirements, scores are a product of automated underwriting systems (AUS). :)

. #1: most of them lie and tell us that they are actually the principal and not acting as a broker, #2: most recycle product "lists" that have we've seen several times and are quite dated (I recently was offered a package with several notes...3 of which I owned), #3: most try to get too greedy and try to structure the deal so that it doesn't work for us, and #4: most haven't got a clue what they are doing.

One more problem area that normally does not involve my time.I can't say enough about engineering systems into your business, from data, to inbound phone calls, to Deal-flow, research, due diligence, doc production, everything.

Thought the Quicken product was garbage and haven't looked back since switching to Buildium.

Customary carries more weight in enforcing any agreement than imagination.But, that's what gets attention and ultimately turned into some product, showing something new, different, profitable, unusual or that little know secret method presented with a skewed interpretation of reality or accepted thinking. :)

Now that I know its possible, I COULD buy the list like this and I don't mind putting in the time but if I'm buying a product, I should be able to get it how I want from the start - the list broker hasn't responded to my emails so I'll be on the phone with them today to settle it for sure.

Reputation matters to these agents and if you get a rep as a guy who will take product and perform on contracts that can make you money down the road when he slides you deals first.