It all depends on the extent of your involvement as to what is fair to charge.

The downside, as I found out just today, is that my plans to get involved in the off-mls area might be hampered by the fact that there is a lot of competition for deals due to low inventory.

The daughter says they want to sell the house and would consider financing the sale (the home is free and clear).My question is when structuring an owner finance sale on a home in probate would we need to have an MLO involved to satisfy the SAFE Act or is this an exempt situation because it is the decedents immediate family?

This is usually the most involved portion of the loan for the borrower and the origination team.

In fact, a potential flaw in your workflow is having the homeowner involved in the beginning of the deal.

If you ever get involved in the Hawaii real estate scene, look me up: bigrockinvestments.com .

The deal is not done and still in the very infant stages, but he liked the numbers and the fact that I did some 'homework' on the property so I'm hoping this turns out to be my first investment.Anyway, it would be a great idea for you to get involved with some of your local investor groups if you haven't already, and begin networking and finding out who buys what types of properties and in what areas.I know this didn't exactly address your "how to pitch" question, but I hope that my story would give you some ideas.

Hi Shane,Thanks for getting involved on the site.Sounds like you are doing extremely well.

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

A banker not too long ago asked when my 'daddy' was going to come co-sign the documents (my father wasn't involved in the deal at all)