Reo Broker just emailed me that his SFR listing in 90043 just fell out of escrow because buyer couldn't secure loan. 4Bed/3bath 1800+ square feet just reduced to $290k.

My husband and I would like to work together to achieve a more financially secure future (that and I'm terribly bored sitting behind a desk all day making other people rich!)

This isn't easy to do and it smacks of a conspiracy to circumvent rules when it really isn't.We have a securities attorney and will get an opinion about this and some other constructs to accomplish what we want to accomplish soon.

Ask the agent for a proof. if the agent cannot produce one, maybe you should work with someone who knows what he is saying instead of throwing it out there hoping to make an impression.It might be that he heard something from someone who overheard someone talking on the phone in the airport restroom.

I was interested to hear what others might be doing in securing non-bank financing.

I actually prefer to JV with potential partners on each deal because it is easy to "split up" later on if things go south after one, two, or X deals.Be careful about securities laws if one party is passive!

The reason for that statement is that you are in the same area where some of the best rehabbers in the country operate and I know you can pick up some of the tricks they are using to secure properties just from networking at that REIA.It is definitely not like 2004-2006, but there is still a lot going on and even though it is tougher here in Tennessee, there is still a lot of opportunity and a lot going on.Best of luck,Chris

Get a lifetime warranty if possible and only use a company who has long history (good history of course) so that you can have a better chance of a lifetime warranty being honored.Ultimately, anything can be fixed if you throw enough money at it.

If the s-corp secures a loan from me for the purchase, would it limit the exposure if sued?

Can a judge throw out the iPad lease saying that it's not a proper legal document?