Things are going great with the property and we are making a solid return and we would like to increase our property portfolio in the area.Since it is difficult to save up enough cash to buy a property outright every time (our first property was $50,000), we are hoping to be able to obtain finance for a property and provide a deposit.

At some point you may consider obtaining a coach or mentor, but for now, spending time on BP, reading used books, going to your local REIA and taking a few investors out to lunch should get you started.I hope that helps!

Therefore, not all their decisions make the most sense, but ones credit score is a vital part in obtaining good financing, especially at a young age.

If they are new to this country, we don't check their credit, but they are required to provide their travel visa, which, depending on the country of origin, is difficult to obtain and suggests a certain amount of reliability.

It is rare for someone to buy at at one price and then obtain conventional financing that provides cash back.

That includes not obtaining the best price (not always the highest; I said best).Pocket listings are closer to an urban myth.

In this case you are paying DE and CA while not really obtaining much in the way of added benefits.Each situation needs to be checked.

If it cashflows, but doesn't appreciate, then hold indefinitely.

Call me now, so you can obtain a great interest rate."

IMO since nothing is accomplished here that the owner could not have done, like contacting an agent, seems the deal does nothing more than to allow the investor to step into the transaction by obtaining an option (in this case basically a net listing) tyhen arranging what is nothing more than a co-brokerage arrangement with an agent (I assume the agent gets something) and then after a buyer is located and the agents ar paid, the deal or contract is assigned back to the owner/seller.If it looks like a duck, quacks like a duck and walks like a duck....it's a duck!