Is this true and if so what kind of license is it and how do you obtain it?

They sometimes forget about their own suggestions (escrow account) and when you have one with $20k in it, they look very favorable upon your ‘cash on hand’ and business-savvy practices not realizing that it is all current assets by GAAP standards; meaning you will expend it all in less than 12 months when the tax bills and insurance bills come in the mail.There is much more….

But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

I dont' see any reason to cut into my golfing, skiing and traveling time in order to accumulate more financial assets.

It would be nice if the lender (Wells-Fargo) would allow an assumption by the LLC, but I don't think that's likely since they would lose the ability to go after my personal assets if I defaulted.

There are lots of investors out there who loan money for real estate deals, and might be interested in loaning you the money assuming you are willing to put up some additional security in the way of the extra lots (or other assets).

Just that, I thought for me to be a successful investor I better obtain a license and understand the in-depth details (and secrets) of the RE World.

Has anyone heard of NationalForeclosures com LLCOwner : Ric CarterNationwide Mortgage Banker & REO Asset ManagerHis fees are pretty high.

Certain players do consistently obtain more properties than others, partly due to marketing, experience level, or salesmanship.

However, you may have a large amount of personal assets and to add a layer of protection, your attorney may or may not reccommend an entity for liability purposes.If you are doing a lot of them, it certainly can not hurt, and the $ you would be making would more than cover the annual expenses of the entity.