`(g) Appraisal Independence- `(1) PROHIBITIONS ON INTERESTED PARTIES IN A REAL ESTATE TRANSACTION- No mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, nor any other person with an interest in a real estate transaction involving an appraisal in connection with a mortgage insured under this section shall improperly influence, or attempt to improperly influence, through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, nonpayment for services rendered, or bribery, the development, reporting, result, or review of a real estate appraisal sought in connection with the mortgage.`(2) CIVIL MONETARY PENALTIES- The Secretary may impose a civil money penalty for any knowing and material violation of paragraph (1) under the same terms and conditions as are authorized in section 536(a) of this Act.

I hope whatever you are involved in works well for you.

Also involved moving walls, plumbing and electric.

I am trying to pick a property, with the hope of fixing it up a bit, then selling the property shortly afterwards for a profit.What type of unit would you recommend a new investor with limited handyman ability get involved in for his first attempt at Buying and Flipping ???

If seller has an original mortgage there are now 3 people involved with "notes."

Am in the process of purchasing a SFH that my agent had never once informed me any HOA fee involved, though he’d checked those boxes that said seller shall pay for HOA transfer fee and seller pay HOA document preparation fees on page 2 0f 8 from purchase contract; item 4 E.3) & 4) (which I later found out from my friend who‘s an agent also); where I’d let it slipped; just went by his verbalization when he’d went over the contract with me; he did told me none of those fees on page 2 concerned me and they’re all paid by seller with the exception of 50/50 escrow fee; without further scoping into the itemizations which he should’ve had; so should I.

There is a lot more to the tax code and what deductions and advantages you can use this year as opposed to carry forwards and much of it depends on not only how involved you are in your real estate investing, but also what you are doing outside of investing in real estate.So be sure and talk to a CPA as well about the advantages and whether they apply to property outside the US.Chris

However this does not meen that it's ok in the eyes of the lender.

An investor friend of mine who is just acquiring property was turned down by major banks where he had an LLC and there were other partner names' involved.

How can I work with the seller so that it is understood that there is no agency involved, and in this case is it legal to collect a commission or finder's fee if the property does sell immediately?