Establishing yourself in theCommercial Finance and/or Commercial Real Estate Market canappear to be a difficult task.

If you create an LLC that doesn't have income statements and balance sheets, a budget, separate checking accounts, etc., a court will pierce the corporate veil and will not allow it to provide you with legal insulation.

It would be extremly difficult to give you any advice if you don't know what kind of returns you're looking for, and under what time-span.

You're going to have a difficult time getting MLS access without your license.

If they loaned you $100K and the outstanding balance on your account (the outstanding principal) is $98K when you sell, the title company will give them the first $98K of your proceeds and you will keep the rest.As an example:- Buy a house for $120K and put $20K down.

Investing out of state is difficult as well unless you can get into a triple net lease or a large enough commercial residential place that can afford full time management and still cash flow (the do exist in this part of the country).Only if there was a way to sell short in real estate like you can do with stocks.

It is very difficult to sell a "used" home in a market of new homes.The resell prices of brand new homes in subdivisions that are still being built usually drops a significant amount until the subdivision is complete.

Some states require you to pay back any remaining balance owed after a house has been foreclosed ("Deficiency Judgment"), but I have no idea if that is going to happen to you.

The more difficult ones are the homes you bought at market price and are trying to sell shortly thereafter at an inflated value.

When he gets 25% done, pay him 25% of the balance...