Then just assign it to your end buyer and you both take your cuts at sale.

I charge $200-$250 per $10,000 or simply a flat agreed price for the day.

Even if you run the economics only out to 10 years and assuming zero appreciation and 60% expenses, the numbers are pretty eye popping so everybody wanted in.I already had a Texas series LLC for Deal #1 so I simply opened a new series, collected the funds, and closed on the purchase.The loan route is not much more difficult once you find a willing private lender, all you need is a promissory note and a pledge & security agreement.

If you are getting at least what your goal is on the nicer places for a return and you enjoy them more then that is your answer.As others have said at some point the banks will cut you off from traditional financing so make sure you think about that as part of your expansion plans.

However, I highly recommend just VERY POLITELY, going over to the house with your best smile on and simply offer cash for keys.

Certainly, if the Seller approaches the Buyer and simply cancels the contract.

I know there would be a cost to getting my real-estate liscense, but I also felt that that would allow me to simply get into selling homes as the middle man.

Make sure you let them know that they would collect a 6% commission when working with you because you're an investor.You will also want to send out yellow letters to one or more of the following lists:- Probate, Out-of-State owners, Expired Listings, Tax Suits etc.I can send you a template that I use that will cut your time in half.

That said, the appraisal must reflect the equity and not simply be the idea of the owner.

I am not in the business of disagreeing with legal counsel, but you may want to simply chat up another attorney to see what their take on the matter is around your specific situation, they may be other opinions.