In this case it wasn't truly the "title company" themselves, but a business associated with the title company located in the same building.

I can't believe people would wire money without seeing the property or anyone associated with it.

Hi Scott,Great advise from Shaun - do check with your condo association to make sure they allow weekly rentals.

.- Does not require a Survey Ordered- Does not require an appraisal (just another thing to combat, if comes back low & usually does)- Any Condition is Ok, does not have to meet any FHA guidelines etc.Bank Financing- 45 Days to close- Multiple reasons why a buyer will not get approved for a loan- Funding can be pulled a day before closing- Requires an Appraisal/ Survey- Has to be in move in condition, with no structural problems- Getting paid will be a pain if you do not have a Real Estate License and can receive a commission- And/Or Assigns may not work for most bank financing.

For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Could any of these fees be either deducted or capitalized when they're not associated with a specific rental property? 

Hope this helps.San Antonio Real Estate Investment Associationhttp://www.sareia.com/Alamo Real Estate Investors Associationhttp://alamoreia.org/Real Estate Investment Association - San Antoniohttp://sanantoniorenc.com/SA Cash Buyers - Thirsty Thursdayshttp://sacashbuyers.com/

Timing plays a critical role and those promoting "pre funding" often fail to point to the cost associated with it.  

Both associations have monthly meetings as well as smaller meetups scattered throughout the calendar.Look forward to seeing you around and please feel free to give me a shout if there is anything I can help you out with!

The worst way is to contact the association and property management.

Hi all. I'm very interested in getting into the note business, and have been checking out Dave Van Horn's PPR company. I would almost definitely be starting out with the more passive performing notes. I've watched ...