It wasn't presented as "watch out for this problem" - more like "the contract might say this, so don't freak out about it, it's normal for Texas".Most of the people getting this document would have been buying suburban-type houses, new or existing, for maybe $130K on up (1997 price).

It took 1.5 months from beginning to end for me to get mine.I talked to a lot of banks first to find the best deal for me.The bank I chose, and most likely all will ask for the same thing, wanted to get:2 years of w22 pay periods of paystubs2 years of tax returnsAny open mortgages they wanted the last statements to verify. ( I have 2 investment properties with mortgages)Copy of declaration page for property insurance on my primaryPersonal financial statement that lists all liabilities and assetsI filled out an application and they started the process by ordering an appraisal.

I will be watching for your experiences and tips.

It ended up being for a guru course, but it really piqued my interest.. so a few emails later I was watching an introductory webinar about the company.

http://www.realtor.com/news/trends/top-10-real-estate-markets-to-watch-in-2016Believe it or not, it's still a great time to be investing in Memphis real estate!

Although for practical purposes you probably only work with this buyer once if they stiff you.Its customary in our market to bring great deals and Make NO commission selling it to your rehabber or builder with the unwritten expectation of list backs.. but you cannot force the list back.This is very true and applicable to agents who find builders infil lots they take no commish on the lots but list back the 500 to 1 mil dollar home.

After watching a few "pranks gone bad" videos on YouTube, I watched a video on Master Lease Options.

Application, Appraisal, Rent rolls, PFS, two years FITR’s,) annuallyB) 7/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 7/1 ARM No Point Rate + 1.00% + 1 point2) L5 Resi Owner-Occupied 7/1 ARM No Point Rate + 1.50% + 0 pointPresently: L5 Resi Owner-Occupied 7/1 ARM No Point Product is set at 3.25% therefore, the CML Non-Owner Occupied 7/1 ARM rate would be1) 3.25% +1.00% = 4.25% + 1 point2) 3.25% +1.50% = 4.75% + 0 pointTerm: Max 20 yearsAmortization: Up to 30 yearsFloor: The initial rate on the transaction will be established as the Floor rate for the life of the loan.Repricing: At the end of the initial 7-year period, the interest rate would reset to the then 1-year T-Bill Rate (Index) plus 325 basis points (margin)No prepayment penalties requiredInterest Rate Repricing Caps: 5% at initial change date; 2% +/- at each subsequent change date; 5% +/- over life of the loanClosing fees: Utilize mortgage calculator fee scheduleStandard commercial real estate loan underwriting guidelines are required (i.e.

If you don't have a written lease from the purchase I'd check out your local and state agencies for advice on what the law is in the state in addition to consulting with an attorney.For example, where I am (St Louis, MO) the city has a "landlord's guide"https://www.stlouis-mo.gov/government/departments/...which includes things like sample applications, information on the eviction process, and citations to the state landlord tenant law.The Attorney General puts out a state guide on Landlord Tenant lawhttps://www.ago.mo.gov/docs/default-source/publica... though an attorney would be the most helpful when it comes to knowing what paper trail you need to create.  

I'm graduating this year but can definitely discuss applications, Haas cultures, and connect you to whomever.