I am looking into becoming a private money lender for a real estate investment company who secures their loans by placing the lender as the 1st lean position and uses a "Reverse Quit Claim Deed" to avoid the necessity of foreclosure proceedings.

I think of an escrow fee as money the closing agent (escrow company) puts in their pocket for services they render, such as, the 50/50 escrow fee you mention, plus demand fee, wire fee, grant deed fee, trust certification fee, loan tie-in fee, etc...all the fees paid to escrow that one typically sees on a hud-1.

Then there is the Financial Bridge Investment group (FBI) the Note Securities Academy (NSA) the Home Loan Servicers association, or the (HLS) then there is Dividends on Debt Managed Instruments (DoD MI).Anyway, let me know when these wealth operators get out of school.Sounds like you're starting off, read the forums, begin in RE with the basics, not guru stuff, try a real school and stay away from boot camps, IMO Good luck :)

also, once i secure funding can I stick this on the MLS to find buyer?

Has this landlord given half off or waiver of security deposit or first months rent??

All securities, which is what this is, are required to register unless exempt.

Hey, thanks man, LOL#1 is very possible, #2 I don't see that as a reason.Watch out thinking you're protected with title insurance, look to Schedule BII for exceptions as they may insure title as granted which may not cover underlying issues but only to those interests granted.J. if I were you I'd call that attorney explaining you (as an agent) are advising your client and need to know what's up.

I have used equity in houses I own as the security via a second mortgage for the 20% down to buy other properties.

My goal is to learn wholesaling and buy and hold strategies to secure the future of my family.

An option is to partner your IRA funds with your own personal funds, but that gets a little tricky and we would need a call to discuss the specifics.Jared, let me make a little correction: the lender in a case of a default can not go after what is in the retirement plan, the underlying property is the only security for the loan.