You have to be able to run the preliminary numbers quickly to see if the deals works for you and be financially ready to pull the trigger.There are often deals on the MLS that are listed as 'members only' in our area.

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

When touring the Cordova (Tenn) area and being shocked at the relatively low prices of properties, I asked my agent, "With properties so cheap why are there so many renters?"

You have 3.65% in the above, if that is accurate - then it is a very under-market noteFloor - There will also likely be a "Floor" that works the same as cap but in the opposite directionPeriodic Cap - there are also typically periodic caps to prevent against rate shocks written in - so need to check for that as wellMaturity Date - somewhat relevant, but based on the above, very important to this specific note situation

I even found out later that the old owner had over $100K in groundwork costs there from an old employee of his, he was shocked at how cheap I got it for.

I disappeared from the site for a while and was shocked to see how many people had replied to my question.  

You’d be shocked by how little actual screening many PMC’s do!

I would say 90pct of the time they are investors themselves.I guess there are reasons, but it shocks me how many realtors don't own a property?

You’d be shocked by how little actual screening many PMC’s do!