If you borrow money from me and then loan it to Jim with a deed of trust and you assign that to me as collateral...or make the loan in my name and do the loan functions, you are brokering and if you are not have the proper license, the loan you created was originated illegally and can be found to be unenforceable for the collection of the debt created.

Some people just hope to get a holding deposit and run while others research high end properties and collect first and last and security deposits and then disapear.

I know this topic is old and collecting dust...But I am in the same situation here.

Hello, my name is mike and I am with a national default outsourcer handling loss mit, collections, foreclosure, REO, etc on a national level for a variety of lenders.

On average, half the rent you collect will go to expenses.

The IRS wants to collect as much money as possible and as fast as possible.

Bait it and collect the creatures one at a time.

The rent roll will show the current tenant and rent collections for each unit.

The first one I found a T/B for and got $2,000 option fee and am collecting $975 per month, this is a 36 month term.

If not let me know and I'll look thru my collection.