Before we break contract, however, we will both sign a promissory note stating that he will pay me the difference in the option price I had with him and the option price agreed with the end buyer that I found; I will get paid from the title company as a lien holder at closing, simply having them wire my fee to my bank account and me never having to be at closing.

Not if you think it's legal or illegal, we all have our speculations: I simply want to know if it is legit or not?

I have enjoyed reading the posts on this forum and I decided to become a true member!

If the insurance is escrowed you simply set up the new policy with your insurance carrier, naming the trustee and benfeciaries of the trust as they may appear as the insured/loss payee, and of course the existing lender.The insurance company will send info to the lender, and get paid.

Something to keep in mind if you don't want to bother with a website (I haven't used one for my investing business for years) is simply create a gmail [email protected] It's sometimes a hassle to have to log in to your hosting account just to send an email and...Google seems to be pretty respectable in a lot of folk's eyes.

Minimum investment is $50k Due to the soft market we are able to take advantage of another developers failed attempt to turn a profit and we can together enjoy the benefits.

A couple of questions.....1) Do I state up front that I am simply facilitating the transaction for the seller?

John,I agree to a point, but with our business model that fix simply does not work for us.For the loans to be off the books and in the company name, It is my understanding that they need to have 12 months seasoning.

The one thing I have learned about real estate is you can make money in a good market and bad, One simply has to adjust to current conditions, I'll admit sometimes that's easier said than done.

If you, or your Mortgage Broker needs some clarification, simply have them call me anytime!