I would ask them for plans, who they intend to have perform the work.

Hey All!

Excited to be starting a new venture with my fiancé. I am originally from Smithtown, NY but am gradually making the move to White Plains, NY. We are looking to purchase and rehab our first home in the Westch...

It is never advisable to give ANY lender upfront fees of any kind except for the payment of appraisal work performed by 3rd parties that are required, if any.  

This type of practice raises a red flag with the state because It clearly shows that you have no "intent and capacity to perform". 

My name is Paul, and I'm from Cape Coral, FL, and completely brand new to all of this, but extremely excited to find out where this road goes!

Hello @Jason UtleyWell, there are many ways to choose a property management company, or perform those tasks yourself.

Therefore, excluded from the AML Program is any Federal or state agency or authority administering mortgage or housing assistance, fraud prevention or foreclosure prevention program, though manufactured housing entities participating in such programs must comply with the rule to the extent that any transactions could reasonably be considered to be extending a primary residence loan or offering or negotiating the terms of a primary residence loan.Technical Explanation of Anti Money Laundering Requirements Interestingly, the AML Program does apply to foreclosure prevention actions and counseling services performed by legitimate, non-profit organizations, to the extent any such organizations may reasonably be deemed to be extending a residential mortgage loan (including a short-term mortgage loan), or offering or negotiating the terms of a residential mortgage loan.

Hi, I am brand new to the forum and from what I have read so far it seems like a wonderful resource for real estate investors. 

I refuse to leverage any of my properties since they cash flow well and are all performing.

Also Can anyone recommend a individual or company that can perform title searches?