Starting out you'll just be another email address, perform well without alot of BS like ridiculous offers and assignable contracts and you'll grow to be more than that.Are they earning their whole commission on these deals?

For example if you have multiple properties in a llc and one under performs and you have financial issue and that property gets foreclosed on then that liability will carry into the other producing properties.

HS graduate (barely) and a boss that promised me that if I didn't start educating myself up to my potential that he would do his best to make sure that my future performance ratings would ensure that my military caeer was over.Get busy man.

The way I understand it Sarah is that the loan is based entirely on the performance of the property.

the best way to do either is to post here and other internet forums. look for someone with experience that is willing to teach you the proper protocol. make yourself known and get your sign posted that you are in business everywhere you can. be prepared to put in some long hours and alot of phone calls. i have over 6000 minutes on my cell this month and over 4500 emails to my inbox. the banks dont deal with anyone that dosnt have the cash to perform so if you dont have a solid buyer backing you up it is not to often that you can find a direct source but you cant stop trying everyday. remember, behind every dud is a stud.

These loans would mostly be non-performing loans or loans where the owner is 60-90 days late.I wouldnt be managing the loans, I would be buying a pool then reselling the loans individually to other investors.

__________________________________________________________________________________________________________________________________________________________Assignee agrees to fulfill all terms, conditions, and contingencies of said Contract and to perform as required in good faith and within any time periods established by said Contract this _____day of _____________, 20_____.

Many, including myself, are self taught or learned from relatives.A few folks have said that they learned a lot about what to do by spending time at Home Depot or taking the mini-courses offered.All tasks that require permits and specialized skills are an issue.

They have no financial interest in the loan - they derive income from the service fees they collect on the performing portion of their portfolio.So other than the labor-intensive nature of dealing with foreclosures, BK's and REOs there is no quarterly deadline.

These funds perform poorly compared to the ones I could be picking (and will be in my new IRA) so every penny is needed.