Now I'm using it to keep track of my employer's list of REO and all the data associated with each property.If you decide to sign up for a trial account with Salesforce, make sure you go to the "Appexchange" (their directory of add-on applications) and install the REO HQ app into your Salesforce account because it was built specifically for REO related stuff.

Here is the exact quote about the data://Begin quoteThat percentage applies all over the U.S. for all types of residential property including those where the owner pays all utilities and those where the tenant pays all utilities.

Your state, like mine, allows up to five sales per year to be exempt from the South Carolina Mortgage Lending Act but it sounds like your plan is to ensure compliance and become a registered lending institution.

I'll do my due diligence and inquire with the lender to ensure legality before pursuing this deal.

Are there websites that provide this data?

Tenant web marketing/ data base, it is a big plus if you can instantly provide a stream of prospective tenants for open or opening units.

After that deal i learned how to pick contractors and what you need to include in any agreement, to ensure compliance.

With labels, you can find people based on one or multiple markets they focus on, the various "occupations" they may have (eg. investors who are also commercial brokers), based on their experience, and so on.For example:I want to network with investors who operate in the Los Angeles and San Diego markets, who are landlords and who have flipped at least 3 homes, you can now do that on our FIND MEMBERS page using filters.Since the filters are brand new it will take a little bit for the data to get populated, but we will be adding new labels in the near future that will allow us to all better identify ourselves for potential partners and colleagues.I hope that helps.

I focus primarily on multi units in a city of 30,000, so my data is very limited.Until late last year and beginning of this year, I would see 1-2 new REOs hit the MLS per week, but in last 4-6 months I have only seen 4-5 new REOs come on MLS.

If you fail to ensure there is a proper license is present, you could face serious liability from the investors and the SEC/FINRA for that matter.