This is usually the most involved portion of the loan for the borrower and the origination team.

In fact, a potential flaw in your workflow is having the homeowner involved in the beginning of the deal.

If you ever get involved in the Hawaii real estate scene, look me up: bigrockinvestments.com .

The deal is not done and still in the very infant stages, but he liked the numbers and the fact that I did some 'homework' on the property so I'm hoping this turns out to be my first investment.Anyway, it would be a great idea for you to get involved with some of your local investor groups if you haven't already, and begin networking and finding out who buys what types of properties and in what areas.I know this didn't exactly address your "how to pitch" question, but I hope that my story would give you some ideas.

Hi Shane,Thanks for getting involved on the site.Sounds like you are doing extremely well.

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

A banker not too long ago asked when my 'daddy' was going to come co-sign the documents (my father wasn't involved in the deal at all)

That is one of the most important tasks in the rental business IMO; much of everything else can be outsourced with less trouble (like repairs for example).Lastly, if you use an agent, often they will just use the "standard agent lease form" for the state you are in.

They may all involve issues with the "due on sale clause" another thing to search for.They may also be seen as a financing conduit and subject to your State SAFE Act.

But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.