I don't know anything more about that.In addition, I was talking to my wife's broker last week who knows a good bit about the case law in these matters, and she told me that requiring pre-approval from a specific lender -- whether REO or not -- is not prohibited by the mortgage steering rules.I find this a little hard to believe, so I intend to follow-up with the Georgia Real Estate Commission, but haven't done so yet.So, while it's clear to me that agents cant require buyers use a specific lender and that unlicensed sellers can require a specific lender, the rules around pre-approvals from specific lenders is still unclear to me and I've seen/heard conflicting info from reputable sources.That's all I have...hopefully Bill or others can chime in and I'll try to get more clarification from the GREC...

$40,000 at credit union, $27, 500 on BOA CC, $15,000 at another credit union, $20,000 penfed CC, I am currently doing a deal with private invester with a simple promise agreement down loaded from web for less than$15.00. $30,000.00 for 6 months cost me $5000.00 lump sum.

My english on phone is worse than my typing so I don´t tried to call him.About HUD saw some posts with bid results/statistics on HUD homes but don´t find it by myself on the web.

just a quick thought , you could go to knowldege base on the bigger pockets web site, click on resources and you will find several sites where you can check out your property for free.

As a result they form a bad reputation from not doing what they say they will do.Also some realtors will tell you its illegal even if you live in an area with hundreds of people already doing it.

There is another investing forum for hard money lenders where they have 42 currently listed.They set it up in this format:1ST American Hard Money LendersHML Loan TypeResidential and CommercialLending AreaCAContactTJAddress[REMOVED]Phone[REMOVED]Fax[REMOVED]Web Site[REMOVED]Email[REMOVED]I am posting this as an example but from this it indentifies if they are a commercial lender or residential or both and what states they lend in which is important.They also have limits as to what they can lend but sometimes hard money lenders will make exceptions for a certain deal so maybe that wouldn't need to be posted.They also have a disclaimer:(Note: This is merely a listing of hard money lenders and shouldnot be construed as an endorsement.

I prefer to use this technique only as necessary as it will eventually get you a bad reputation.

I can pull that off on every deal (well, my wife can pull that off).....and you know i would love to keep a piece of that pie for myself.Thank you.BTW, my wife read your web site today and I checked it out tonight....very impressed.

Try not to do this too much or you'll burn your reputation.

Aside from losing your reputation, a borrower will absolutely kill you if this happens.All SDIRA companies say they like to work with real estate investors but some are more bureaucratic than others.