So there is no licensed MLO taking application and negotiating between you the lender and the borrower for rate, term and other loan features.The idea that you provided a loan which was less interest than the previous loan does not substantiate whether you attempted to ensure the debt could be paid back.

We have targeted houses coming out of probate by attempting to get leads from probate attorneys, funeral homes, and even contacted folks that have estate sales on Craigslist.

Try to be more specific please, that's a very broad street.Saying wholesale presents problems as most attempt it here as they are not in title to the property and agents may be restricted locally or by their broker of taking listings from only those in title.An agent is then in a position of disclosing they mat offer the right to purchase rather than the property by an assumption of a contract.If a wholesaler takes title, they are just as any other listing client.Acting as a buyers agent, your agreement needs to be based on a transaction rather than taking title, flat fee, commission or by the hour assistance.

He attempts to sell his products without giving you any specifics.

I have never attempting wholesaling, so I am not the best source for an opinion.

I am planning to attempt a slight variation on his approach by applying a thin layer of foam (<=1/2") directly to the underside of the floor to achieve an effective barrier.

Hello all,My city has roughly 400K people in the entire metro population and has one of the stronger economies in the US right now.I set up a Listsource search for absentee owners with the following criteria:* SFR* 40-100% equity* Out of state owners only* No commercial or trustee* Previous purchase price $0 - 200KI chose the zip code in the center of the city and put a radius of 25 miles on it (I realize this is far beyond a realistic farm area, but I was attempting to increase my returns) and it returned 100 hits.Through research I was hoping to find 1000 owner to break into 250 mailings spread out over a month...but 100?

I work second shift so I won't be able to come to the BP meet up at this time, but will attempt the next meet up.

Unfortunately I had to pass on this property for right now...the amount of work needed to UNDO the work the current owner has done (it is a short sale) was too much for the return on rents I would get.Specifically...the owner attempting to convert the basement into a third living area while the property is zoned as a 2-family...not a 3.On to the next challenge!

If so I would attempt to sell it quickly, take your profit and reinvest in buy and hold properties.