Anyone can fake a funds verification if a little savy on the computer.

This is what comes from having computers calculate things.Nicole also wrote; what attacts us more is that we can also take additional tax deductions, .I realize that there is some "extra" depreciation available for gulf coast counties due to Hurricane Katrina, but "tax deductions", PLEASE.

REOs is one arena I really want to step into to increase my inventory for my buyers.With that in mind,I am not a licensed broker or anything, but in a couple of days I am going to get direct associate access to the MLS through a friend who is licensed.I was wondering about the process of how I make my offers on the MLS from my own Personal Computer.

Currently BOA is revamping their computer systems and will be utilizing REOtrans.com for short sales and REOs.

Sorry I'm not that computer savvy.

Just the key numbers:Gross rents: $88,320NOI: $44,160Payment: $25,767Total cash: $131,682Cash flow: $18,393Cash on cash return: 14%I notice you compute a "total return".

At the end of the day working from a computer all day, emailing, researching etc... will not create success. you must socialize in person.2.)This is not a get rich quick business.

Here is another loan request I received:Amount of Loan: $100kBuyer Cash-in: $38kProperty Purchase Price: $65kRenovation Costs: $70kEstimated ARV: $178k (Desktop Analysis from local RE agency)Property: 1,750 sq/ft SFH in lakeside community in CT (4 bdrm, 2bth)Credit Score for Borrower: mid 600sNO Personal GuaranteeExit Strategy: Sell house or Refi - DU Underwriting Findings - Recommended/EligibleBorrower is an accountant.

I have almost completely abandoned the MLS and have spent more time and money in my direct mail and computer marketing campaigns.

Several pluses in having the take out loan set just waiting for the qualified buyer.As to points: Again, points are prepaid interest, private lenders are not HMLs, they are not in the business, they are not registered lenders or regulated per se and most states limit points, if allowed at all, points are still computed and applied to any usury limit.