That is also why I choice to use a Property manager.

I am not saying that you become the only mortgage broker choice for your relatives.

Or maybe they just made bad choices and might repeat the situation in the future.As a RE investor you are willing to make an informed decision.

If you need to file for bankruptcy for that llc you will have more legal issues because you have now tainted the waters and is now sticky to un do.Its a personal choice that you will have to make once you start building assests.

yeah good job on being patient. it is hard, but far more beneficial. it always seems as soon as you sign a sub par deal, the better one comes right after.

It’s based on the time it takes to work your file to fruition but remember you always have a choice.

In addition to the other things that were previously recommend are there any good books (or courses for that matter) that any of you recommend or found beneficial?

I have used NARS - and worked just like advertised for me.Last deal involved a home in Vancouver, WA- owner was moving to CA and had a prepay penalty on his loan.. and just wanted to get out of the monthly obligation.Placed his home into his own trust, then assigned a beneficial interest to me and I in turn brought in a resident beneficiary to "partner up" with.

Even if the servicer is a bank and does own the beneficial interest in the loan, under what circumstances does a 100,000 dollar loan turn into a ten million dollar loss??

Curious to see some of the responses.Maybe a follow up should be to ask how long did it take people to go from wanting to invest to being full time at it (and be successfully investing full-time by choice).