I was initially working with a broker who seemed able to help us, but after some investigation, found out that he wasn't licensed (and claimed he didn't have to be) and used to work for Apex Lending who has been ordered to stop doing business in NJ.Then we went to Lending Tree and got a few responses, but either the rates were wrong or people were saying we couldn't do stated income.

I also used to work for a bank and mortgage fraud investigation company; which is what sparked my interest into the real estate world.

Just attended a seminar at the local REIARisks1) Home owner inspection needs to be performed2) Code violations (where do you investigate them ?)

In larger cities and Boards of Realtors with active Real Estate Commission Investigators such activities could turn into serious matters.

This is something I want to investigate and do for a potential that needs work (buy and hold).

Further investigation and meeting with local builders will definitely be done to assess all options.

Devan, it sounds as if you may want to investigate the property further before preparing a pro forma.

As part of the CalBRE’s background investigation of applicants, the Bureau reviews all applicants’ criminal histories and determines if the applicant has committed any substantially related crime(s) which would serve as a basis for denial of the license.

. 👀 After some investigation I figured out the the seller paid the past due water bill on the the property and never told her because they where selling the property.

I do not have my heart set on any specific area to invest and am willing to investigate any area (as long as the the ROI is there!)