I am a nurse by trade, but am currently working 70-80 hours in the oil field if you can believe that.

hi @Jim Pellerini believe it is alive and well, no reason to think otherwise, especially regarding lending and qualified mortgages using RMLOsthe news is about small and medium bank regs

Account Closed I believe that you would need to be a securities broker in order to collect a check for putting together funding on someone else's deal, unless you have ownership.

@Blake Gansborg I believe you want to learn about how to finance real estate deals, correct?

Some background: I'm currently in the market for some small multi-families, and believe I've found a great deal near a research university.

I believe both are commercial.Property 1 is commercial because there are 2 commercial storefronts, and its one building with 5+ units.Property 2 is commercial because there are more than 6 units on one lot.

Thank you for your explanation, @Linda Weygant.I believe your interpretation that appliances are "rotable spare parts" is a stretch.

Current price is $113k , she was saying it should only need about $7k-$8k in rehab and she should be able to sell it for 150k, which is on pa for comps in the area.However, my contractor (who's a close friend but is a legit contractor) went to take a look at it with me & believes the rehab is gonna be closer to $12k-15k and doesn't believe the realtor can sell it for what she's saying she can.

The IRA is a separate entity so I believe it wouldn't be covered.

I can offer 2 things that I believe to be valuable.