However, you do want a business friendly state and one that does not have onerous government regulations.

Larger lender insurance companies and other private loans take a longer term fixed rate view on money and do not have regulators breathing down their necks.

The VA fee is now limited by regulation to $300, exclusive of the credit report and the application fee, but in most cases this is still going to be less than the mortgage origination fees of a new loan, so its another win for assumption.

The Regulations require that you have the intent to hold for rental/investment.

I placed this exact same post in another thread but not sure where is a better place.i'm a 20 year old college student, attending a community college for my gen eds then at the end of next year may or may not transfer right away to UW-Madison.

I can't stress enough that those who may be exempt make every reasonable attempt to comply with the intent of DF as the restrictions are and will be seen, just as any other regulation, as a base line for fair dealing.Then you have commercial loans, these won't be held strictly to DF but they will be to the Uniform Commercial Code (UCC) and acceptable commercial underwriting.The days of two old farmers meeting over a fence post and selling land on terms, writing out an I.O.U. are long gone.The acceptable play ground for investors as to an amortization on a SF deal is 1 to 30 years.

define residential lease-options for longer than 180 days as "executory contracts" subject to strict regulation and penalties if not done exactly right.

The latter is even more burdened with regulation than the former as well as having to deal with people (haha!).

What makes folks think the can deal in a regulated industry where tens and hundreds of thousands worth of a product are transferred and getting into the business can be done for the cost of lunch?

I heard from a few lender that starting Jan the lowest they will really go is about 50k do to regulations..but ill call aroundThank you!