I also would not trust the documents that a property manager is drawing up.

I think you can even trigger a sales clause if you personally buy an asset (and finance it) and subsequently quit claim the property into a company or partnership for liability purposes.Just don't put yourself into a position where you have a lot of these loans with sales clauses having new deeds filed.... when it is in the banks interest to call the loan, they may.

What type of loan did you discuss (long-term for rental property, short term for rehab, loan with construction draws for renovation, etc)?

I don't want to put the exact details of what they offered me, but it is full commission, with a training program, but there is a possible draw opportunity until I close my first deal.

No, more people try and subsequently give up than persevere and succeed.

One benefit that we talk about when selling a seller on the idea of selling Sub2 (wow that was a lot of the word "sell"), is that us bringing their loan current and subsequently making timely payments for years to come will raise their credit score.

I tried to get it moved here but no luck, so, sorry for double posting.One benefit that we talk about when selling a seller on the idea of selling Sub2 (wow that was a lot of the word "sell"), is that our bringing their loan current and subsequently making timely payments for years to come will raise their credit score.

So how are purchasing the homes you are subsequently LOing and how are you financing them?

We love the interest savings, and the 30 year draw period.

Don't enter into contracts unless you are prepared to perform.If he showed you a property and you subsequently made an offer on it, even though that offer was not accepted, should you buy that property through another agent, the agent that wrote that offer would still be due a commission, and you would end up paying for it.