Huiping works for an "investor friendly" HUD Brokerage.As such, she can set up custom searches on MLS based on your criteria that can be delivered right to your in box, then if you see a property you love, she can also make an offer on it for you and then "work the deal" on your behalf.Further, she can add you to our HUD weekly update list, and you will receive a multi-county spreadsheet of every property HUD has listed.

So if I am supposed to be receiving payments for 6 months, how is that process handled? 

I was hired as an independent contractor and receive a 1099 each year.

It is encouraging to receive so much feedback.

Hello everyone, I have just received my license in February.

We prefer distressed properties for numerous reasons such as increased returns through sweat equity/forced appreciation, and what we fill will be lower long-term maintenance as our properties have received significant if not complete remodels.

Issue is that I'm looking to purchase a property with another individual living in the unit and our combined income is greater than the allowed max income..So my question is, is it possible to sign the contract myself and get the house in my name but sign a separate contract with the other individual obtaining half of the down payment/ payment for any expenses and they receive returns similar to me in a 50/50 partnership?

They hold the funds, sign the documents, cut the checks for acquisition & expenses and receive the income - all for the benefit of the IRA and at your direction.  

I never received receipts as payment for rent.

I received a conditional approval.