It is that simple.

You'll also have responsibility to ensure that everyone is insured appropriately to protect yourself and the investor/client/homeowner.The other option is to serve solely as a "paper contractor" or "construction manager" (same thing, different terminology).

I don't know about you but I don't usually follow the crowd when it comes to investing my money...I think only a few savvy investors will move from paper assets to more tangible assets like real estate - and no, I'm not talking about REITS and other real estate related stocks.

Interesting business model he has and to hear him speak about it, its quite simple and sometimes comical.

Put all that on paper, then decide what education you need to get there.One final thing, my mentor offered a great package deal with tons of stuff and frankly I wasn't ready to take advantage of it in the time period of the initial package (6 months).

- Simple- one-or two pages To order the business end up.

I also was a Mortgage Broker....Originally posted by Harold Wimberly:...I have to disagree again.The Person doing the loan does own the property. ...The borrower is the owner, the lender is just the lender and is not an owner of anything other than a note and a security interest in the property.Not sure what training goes into becoming a mortgage broker, but I would have expected something as simple as that concept to be included in the "basics", like before the 101 level of coursework.

And though I'm all for NOT filing any more paper work with IRS than necessary you can always follow the old rule "when in doubt, send it out." :) Although there are penalties for FAILING to file a required form, there is nothing that prevents you from filing a Form 1099 when it's not required...

The basic rules are simple though enforcement is strict.

It can be super cheap to set up a simple trust compared to court fees and attorney fees.