Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

This is stating the same broker or same agent has a client relationship with both parties.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.You might consider Niche or Specialized Housing like student housing and vacation rentals work well min your area.

David- I work almost exclusively with investors, and the key is to compartmentalize your client base into different niches.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

IMO, LMOs are not be getting sufficient training, reminds me of the old commercial where a financial planner pushes the same IRA across his desk to any client saying "this plan is especially tailored to your needs".

Sometimes if they are planning to move they are gathering funds to pay application fees and a security deposit elsewhere and that strains their cash flow.

ARV is a wonderful thing...but we don't buy any of the 4000-5000 homes a year that we buy based on ARV, nor, as a direct lender working with brokers on behalf of their clients, as well as direct with investors like you, do we lend on ARV.  

(asset depletion, pledging collateral, cross collateralization, stated income, 12 month bank statements no tax returns, etc etc)I recommend my clients project their business plans out 2 years so they can claim just enough income to qualify for what they intend to acquire and not more depending on a fine balance between income display and tax strategy.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.