Please help me understand your urgency.

@Logan Pradon,It's my understanding that MLO not holding a real estate license are governed by the DBO.

So I understand the trends!

A lot of this you'll begin to understand after watching/listening to podcasts or reading books/blogs/these forums.When you hear something that could lead to a potential deal, follow up on it immediately.My last deal came from a dinner with a few other couples.

Once you have the right knowledge you will be able to ask more specific questions in the forums and get even better understanding.

First you need to understand that you are operating a business and people like her in her situation often try to run the pity scam to take advantage.

Would need to understand credit score, loan to value, loan size and cash flow of the property.

@Sal MazzoneFrom my understanding regardless of what percentage you own they would want all of you responsible for 100% in case the others default.If you've done this before has the mortgage broker taken 75% of the rental income into consideration?

does anyone know how the new legislation in New York in December is going to benefit investors in ny are there houses that are not listed for sale right now that are already bank owned . 

I understand it may be a unique situation with our community but I wanted to share with the OP as well.