Even the borrower's comps are not used initially, because we want to see what they skipped over that would support a lower value.In our case, we want to be sure that in a worst case scenario, we come out whole.

The good news, individuals who hole a second mortgage behind a bank loan are often allowed to assume the first, but not every bank nor in every state or circustance.If you invest in yourself and go to the required classes and become a licensened mortgage broker, you might be able to skip the first stage of processing and get a job as a mortgage originator at a bank or brokerage, at some point you will need a license.There is also a possibility that a local brokerage will take you off the street, send you to school and give you a job!

The managers liked his work because they rarely found paint skips, drips or other paint issues.I was spoiled after working with him.

You can talk to neighbors or mail a letter, but fastest way is to use skip trace service, they will give you the persons current address and even phone number in seconds.

Search up in the right hand corner for "skip trace" there are quite a few threads with answers for you.

Skipping realtors will be easy. 

Hi John,Just based on what you have said you have not discovered a clear path of how you want to get started.Other investors and also brokers and agents who are very successful value time.I can't tell you how many times I had agents at my brokerage and they would never do what it takes or would skip steps.

Repeat step 3-5 as needed.My error was skipping 5.My contractor showed my how something can "look" fixed but no actually be fixed.

But then again, why not just skip those deals all together and move on to the next one that has less risk.

I figured it would be simpler to buy a cheap apartment or duplex in somewhere like Phoenix or Memphis so I could skip the loan and make things a bit more hassle free.