The neighbor next to my 4sale has their house advertised for rent in the paper with a bad phone number.

It's simple really if they don't get paid until funded at closing and you pay the appraiser directly for upfront fees keeping the so called lender from PADDING anything then they most likely are real.If they ask for money upfront they can call it whatever fee they want.They keep changing names so people do not think it is a scam and then never fund the deal.Really think about this if a lender gets a bunch of money upfront they have low motivation to close your deal.It's like mailing someone a 1,000 that is 100 miles away from a building and saying drive here and paint this unit today.Versus having a 1,000 but not paying a dime until the work is completed.For every real lender I see about 8 out of 10 that are scammers and are just churning due diligence fees.This is rampant in commercial real estate.First question I ask a lender who calls is do you have to put up ANY money before closing other than direct payment to the appraiser??

I know seller will look at her on paper like a bank ie BK and crappy score but she dose have a compensating factor of $150,000 in the bank. and no she dose not want to use that to come current just to have the most underwater house on the block.

I know Peter is big on investing in markets out of the country, but I would still argue that investing overseas isn't as simple as it sounds.

From personal experience as an out of state investor, I'd say investing in cheaper properties ($50k>), and getting rents in excess of $900/month in undesirable neighborhoods, does not reap the rewards that initially look great on paper.

They usually quickly come around and tell me just to get someone good.I personally use an attorney to draw up all of my papers and close the deal at his office.

Classified Ads in Newspapers – local paper, Pennysavers and local real estate publications (“For Sale by Owner”.)2.

Most tenants do not show up so judgment is given to landlord if papers executed properly along with possession of the property.

In each case a simple consistent policy helped mitigate or eliminate a legal proceeding.

At first blush this seems simple.