He really has carved out a niche allowing him to perform almost all functions in-house, creating leads off of every call.Anyhow the initial plan was to get me started as a Loan Originator, then once I was familiar with that end of things I could grab a property and he would walk me through the process.

My biggest question is regarding how I should go about making my initial offer to the bank.

If you operate correctly them things that happen to the LLC do not automatically spill over into your life.If you commingle funds, fail to operate as if you and the LLC are two different entities then all bets are off.Originally posted by "loki005":9.

Your best bet at this point is to try to contact thet owner and work out a short sale.

I'm not sure what ARV stands for....He will pay us the cost of fixing up the property which was quoted to him by my Contractor at 35k, making a 15k profit for me and the other 20k will go to construction costs and subs. 44k to me as the Private Investor, roughly 15k Broker fees and the like.I believe, although I may have misconstrued my initial understanding, that he will buy back at 85 percent of Market Value when the year is up.The 89k is the money he is left after paying us our fees, where I believe I got confused, as my Mentor told me we would be "cutting" him a check for that amount.This leaves me wondering why with so much equity he could not access it and why he went into default.

We initially approached the sellers with carrying the note, but absolutely no interest there.

But I'm sure if they could figure out a way to word the initiative in such a fashion that the general public would think it's a good thing, they would do it.I glad we have access to such a valueable source of information and exchange of ideas for FREE lolhttp://ezinearticles.com/?

I'm thinking phone is best, at least initially.

Hello there Raze-Nod's might not be your best bet due to the fact that 90% of them don't want to deal with you and they cure the situation!

If you got a deletion letter, or disputed the account with one of the credit agencies, then it probably was removed altogether.You should check your report again, ill bet it is still on there.Good luck