I imagine too, it will be on the syndicator to show compliance of the 10%, meaning you'll need verifications of income and net worth for those who are not accredited and, for those who are to show their ability to invest on that basis.What I see too is someone filling a niche of clearing and back room operations for those wanting to raise capital for small projects, the average flipper team isn't going to have that expertise.Great catch there Bryan!

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Yes I love to catch a bit with you one of these days. 

Just trying to get a sense of: what's the catch?

The catches are: funds must be sourced (ie - any funds not shown on your bank account for the last 60 days (2 statement cycles) need to be explained - a loan is OK as long as no lien on the property); most lenders don't offer all the things Fannie Mae allows, so you'll need to talk to mortgage brokers who work with investors or investor friendly banks until you find one - even fewer allow the funds to be borrowed (within the last 60 days/2 statement cycles before purchase); the refi loan cannot exceed the LTV limit specified for the number of properties you have or the purchase price plus closing costs - whichever is lower, so if you got a great deal but it has significant rehab, you may be better off using hard money so you can maximize your leverage - or wait 6-12 months to season for a regular cash-out if you are not in a hurry to get the cash back out (NOTE: after 4 properties you can't do a regular cash-out, but you can use the DFE through all 10 available Fannie Mae loans - though LTV limits may drop from 80-75-70 along the way). 

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

It will catch up with you and you won't be in business long. 

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Mortgage fraud is a felony.With banks or any insured lending institution, there are "catch all" laws to protect them.

I hope it catches on!