You are right, Heloc's are getting cut like crazy.

Offer to do the legwork for them for a small cut of a deal, learn from them, network with them.

The two are simply good friends who like the idea and see a way to make more money.I plan to target to a wide audience rather than the narrowed focus each company has here.

Would the deal still be beneficial to you if you didn't have such a large cut into transaction?

Freddie Mac recently announced guideline changes that will greatly affect residential real estate investors.
Beginning August 1st, 2008 the following changes will go into effect:

A borrower may not have more than fou...

Consideration does not need to be satisfied with cash; it simply needs to be satisfied.

The title company will cut you a check for your assignment fee.

These go to escrow with only one close and I'm cut a check by escrow.What I'm saying is its all about your imagination.......The most important part of contracting is keeping things in laymans terms and easy to be understood.

Use direct mail, bandit signs, etc....and cut out the middleman (agent) and you will close a lot more deals and make a lot more money.

The city actually requires you to have inspectors come in and approve the property - because it has been vacant for 3 years and now lost it's Certificate of Occupancy - I have an idea of what it is going to take, but from the windows to the walls to the fixtures, switches, plumbing - the works needs to be repaired and I need to do the labor to cut back on labor cost.