Remember, Federal law doesn't permit them to BROKER sales, but just like any other property owner, they're afforded the legal right to sell their own property without a license.

Otherwise you're paying extra for what could be done more easily directly with the brokerage company.But, this is really a different thing than setting up these checkbook control companies.

Once you hit that you go commercial and face all the extra costs and higher interest rate that you are now trying to avoid.

and i don't regret it at all. sure it's nice to have made a great profit on my first transaction but i viewed the situation as:1) i can continue to rent...2) ...or own a property paying the same amount of rent and expenses while gaining experience.in both instances my cash flow (i'm going to include the income from my job) would have stayed relatively the same---granted i pay about 200 more due to taxes and insurance. but 200 extra a month was not as important to me as it might be for some one else who has a tighter budget. but since i made the leap definitely feel more confident navigating the entire process over again and also learned how to do some rehabbing on my own (tiling, staining, flooring, light plumbing..etc...)I also now have realistic timelines as to when certain jobs can be completed----at one time i thought I could gut and fix my kitchen and two bathrooms by myself in under 2 weeks only working weekends.

We keep the late fees (which covers the sometimes excessive extra time spent sending notices, knocking on doors, following up and chasing the money up to the point of initiating an eviction); evictions once turned over to the attorney are billed same as other vendors.

Also, have fun dealing w/ L & I to get permit if it not zoned for a multi unit property.

Therefore no extra 3%.

The ltv would have been very high with regard to that loan.Now I read the appraisers want to look at permits for the work done on the house.

Screwdriver, pliers, claw hammer, utility knife and extra blades15.

If she needs to build and you have some extra cash, check out some of my other post, they could help you both.