There was an episode on American Greed about Remington financial.. they were in business over 20 years their target was small commercial to bigger multi or commercial.. they charged 5 to 10k DD fee's estimated they brought in over 200 million in the 22 years they operated.. by the time the FBI was done with them.. they could not establish that they had made more than 11 loans in all those years.... long prison sentences. your instincts are fine and intact.

Hi @Rita Bock,You just made one of the best networking decisions available!

The mortgage will then be paid for by the rent made from the property.Seems like a solid plan to execute but I'm getting hung up on the order of some of these events.

My company's Excel-based REIA program uses well over 10,000 lines of VBA code that is hidden from the user, but which provides functionality like custom menus and toolbars, data-input wizards, report customization, etc.

We know that, and we constantly seek out feedback from our customers.  

Assuming your property appreciated during your ownership your basis would be cost + capital improvements made (for the property house).

Starting your business now would give you the credit and history of your company that you could use in the future to purchase homes with loans made out to your company.

I have not invested in Globe, but I have look at deals there, but I have invested in Nogales, Florence and Douglas which are very desert, small towns, when I drop $450k in Douglas my partners taught I was crazy, buying a 12 units, well I was crazy happy that I was Cash flowing great money and now just sold it, so I bought in Nov 2011 $450k sold in March 2016 $670k which made me a bit happy, never put a penny into it either. ( my partners now call me desert king and I like the term )  

My buyers made an offer on a home that had $60,000 in a HERO assessment at 8.75%.

Hi BP community, What is the industry norm (average) for referring a customer to a business broker who is looking to buy a business?