I don't know anything more about that.In addition, I was talking to my wife's broker last week who knows a good bit about the case law in these matters, and she told me that requiring pre-approval from a specific lender -- whether REO or not -- is not prohibited by the mortgage steering rules.I find this a little hard to believe, so I intend to follow-up with the Georgia Real Estate Commission, but haven't done so yet.So, while it's clear to me that agents cant require buyers use a specific lender and that unlicensed sellers can require a specific lender, the rules around pre-approvals from specific lenders is still unclear to me and I've seen/heard conflicting info from reputable sources.That's all I have...hopefully Bill or others can chime in and I'll try to get more clarification from the GREC...

As a result they form a bad reputation from not doing what they say they will do.Also some realtors will tell you its illegal even if you live in an area with hundreds of people already doing it.

I prefer to use this technique only as necessary as it will eventually get you a bad reputation.

Try not to do this too much or you'll burn your reputation.

I've seen them removed by scrappers scavenging for any kind of metal.I think the water company should supply you with one - and then you can have your plumber install it.

Aside from losing your reputation, a borrower will absolutely kill you if this happens.All SDIRA companies say they like to work with real estate investors but some are more bureaucratic than others.

Let the other fellow make some money too, because if you have a reputation for always making all the money, you won't have many deals.

In RE, you credit is the one of the most important things you can have, IMO, your reputation comes first, then credit and money walk hand in hand.

But being an honest guy and building my reputation on that honesty, I feel that something "Shaddy" is going on.

You want to make sure you cover ALL your bases.Pay an attorney or have a reputable companies lease, make sure it is tailored to your state and not a generic form.It amazes me sometimes when we take over property from an owner/landlord how many loopholes they have left due to lack of documentation.