I have team up with an organization that will help homeowner modify their loans, by getting them into a fix rate if they are in an ARM, and lowering their monthly payments.

Not an urban myth at all, although I agree it is quite a "cheesy" strategy to delay the inevitable.The fact is, many have done this and since borrowers originate their loans with one lender, then it is sold to another and another, paperwork is misplaced, not transfered properly or timely, etc and the documents are not organized and readily available.

If you are operating with a smartphone, these usually are imbued with visual voicemail and other "apps" that may meet your needs at no cost.

It cost money just be an active licensed real estate agend and if you want to be classified as a Realtor you will have to join their organization for another $500.

If you print the articles of organization, and then print your EIN filing from the IRS web site you'll have enough information to open a bank account.

I know from her speaking engagements she proposes investors use a 35% operating expense rule instead of a 50% rule as a high level gauge for deals.

In the overall scheme of things, I think it's a small price to pay.Now for a tiny operation like mine, this type of deal is feasible.

Do we need a license to operate the business?

Moreover, once you finally do close on these wholesale deals, the tax man is going to have his hand out since this is ordinary income (the normal assumptions apply).So, $100 per hour may not even be close when you include the real world operating expenses.

Most inspectors there are simply members of a national organization such as NASHI or others like it.