I haven't talked to a mortgage broker yet, but was hoping to get tips or advice on whether this is a good idea before I do.

Here's what will happen: the bank will clean up the deed, then list it with a repo broker.

I also found some online resources claiming to do it for $3500 and they set you up with a consultant, help with the marketing of your fund, and have a list of brokers who can help sell it as well.It might seem like overkill if you're just going to borrow money from you family/friends but if you want discretionary power and the ability to draw the funds quickly without getting a bunch of signatures from the investors, this is the way to go and still be covered.

Again, as a realtor, how does this not have to go through the office, and the broker make part of your commission?

sent you a private msg via the colleage requestnew here, don't know how to PM youThe broker is great, highest closer and work well with me when I was out of state buyer.Very professional ;) used them on every deal so far.

Bill Gulley, Steve Babiak Wow, becoming an investor/broker in PA seems like a nightmare!

Thinking about one for management but I need broker license in PA to be a PM.

You would be amazed how weak some brokers or agents are when it comes to this and they will work for nothing.If they can't even prove their worth for the commission they are a very weak negotiator.

I am a principal broker and owner of a commercial real estate firm.I understood the business side from owning businesses before I became licensed.

I currently live in Georgia now and have fulfilled my renewal requirements for my broker license in Georgia.