A broker is legally responsible for your actions (and will carry E&O insurance to protect himself from your screw ups).

And Darren is correct, performers are passive, until they stop paying, then they are no longer passive and you need to oversea the servicers action and make sure they, or you with their blessings are calling at least 3x a day, leaving 1 voice mail message, including weekends. 

@Derek Famulari - congrats on taking action on this!

Similarly, there is residential agent here in the City with whom we will not do business because of his actions during a deal three years ago.

This means the lessor/buyer MAY exercise the Option to purchase during the Option period and thus TERMINATE the lease contract upon closing.A Lease Purchase is a form of owner financing where BOTH parties are obligated to certain actions.

Not sure on asking them about it to be honest as I would see what others on this forum say about that with all the FCRA rules, adverse action letters, etc.  

I have 26 units, 25 in LLCs and the very first one is my previous residence and is still in my personal name for this very reason.Take massive action and I'll see you at the top!

I'm a part time stock market trader and that took me 3yrs of my busy life to finally click and start placing trades confidently so I know this field is probably not that different but I will take it 1 day at a time.

Hello all,I am a 25 year old from New England who always had a passion for fixing up real estate.I went to a trade school and my father owns a construction company.A few years ago i was involved in a bad accident.To make a long story short i will be accepting a check for $250k in the coming weeks.I would love to get a loan for a rental property and can put a down payment down of 20%.My problem is i cant work in my old field and therefore am not working at this moment.My credit is around 600 right now but i have a few credit cards that are maxed out but in good standing.I plan to pay those  off and expect my credit to rise to over a 640( i lived on those for the past fear years because i was injured)My question-Anyway i cant get approved for a 200k and under mortage with that kinda cash in the bank and credit score?

I'm currently expanding my role as landlord jack-of-all-trades in an attempt to take advantage of my nights, weekends, and the skilled labor of people who have done work for me in the past, but don't have the infrastructure in place to formalize their own business plans and processes.Frankly, I would prefer to be a contractor full-time, but I haven't yet built up the pipeline I believe is necessary to allow me to quit my current W-2 job.