@Adam Garcia, if you can get an already proven 36% annual return, why would paying 9.5% interest to attain that bother you (when the alternative is passing up the opportunity)?

A POF from a convential lender means you have passed the lender's credit and income criteria, and if the property appraises high enough, with no title issues, financing will be available.Since hard money lenders place much more emphasis on the property securing the loan, the POF letter ranges from significantly less reliable as compared to a letter from a conventional lender, to outright worthless (some hard money lenders provide a form and you fill in the blanks, i.e. no real approval).

I am also trying to get pass the fear of letting my family down on a dream that only I can see.

Hi Virginia BPers -My father in law passed away last week and the children are trying to sell his house.

When I was consistently getting 85% or higher on the practice exams I knew I was ready for the state exam which I was able to pass on the first attempt.

The area is more C+, bjut I'd never recommend buying a property with tenants in place unless there is (a) a strong and documented record of timely rental payment; (b) you have the opportunity to speak to the tenant about the condition of their unit and the property in general prior to the purchase; (c) you run a thorough background screening on the tenant to make sure they will pass your standards for a resident.Agents often seek to sell properties when they should strive to build relationships by offering good investments.

You'd have leverage at that point if you can find work he did without passing inspections and hold that over him for whatever it's worth.

Noise disturbances are passed on to those who are responsible to deal with them - the police.

@Pete Perezonce you pass the exam, there are fees (around $1,000) you have to pay to be on the Board of Realtors and get access to the MLS.

I just spent a day or two studying and passed no problem.