Do you need license like you need to become a conventional loan broker aka originator (I happen to be one, licensed in NY and NJ).

In response to your original question, closing agents should handle private loans just like a bank loan. 

Don't base it on one data point that is not available :) good luck

Originally posted by @Taylor McClure:I was talking to a man a week or so ago, and he said that his friend used to buy properties that were a few days prior to foreclosure.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

Originally posted by @Lodewijk Hof:Hello,I'm doing my research on Australia real estate market. ll use the data for a brochure, which is part of my strategy to increase investor awareness.I'm wondering if you can help me on the following data:1.

My goal is to build a data-driven tool that provides actionable insights into which neighborhoods and property types are in the highest demand, based on metrics like:Time on market: How quickly rentals are being leased.Property characteristics: Bedrooms, bathrooms, size, and amenities.Pricing trends: Rental rates relative to market demand and property features.Visual quality: Leveraging property photos to analyze the style and condition of rentals that perform well.The tool will allow users to:Pinpoint areas with the fastest rental turnovers.Understand what types of properties (size, price range, features) rent the quickest.Gain deeper insights into property presentation and amenities that correlate with high demand.Thank you in advance for your feedback.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.