Depending upon the property class and effort you want to put into rehabbing or turning a building around if applicable, your leverage and risk tolerance, the returns could also be great.Jeff

Several tire kickers and no applicants yet

She has a great "nose" for good tenants. she gets them to file an application before they even see the house. she gets tenants very quick.But she does not think about me when she looks at houses.

I think you can only use a corporation with DOC license but I'm not positive about that.By the way, you can lend your own money directly to borrowers without a license (as long as you comply with all applicable lending laws), but you cannot broker loans between borrowers and other people's capital without a license.

Also, be sure to get a fee [around $35-$50] for the application.

denied credit applications.

The attached article is somewhat dated but it focuses on the importance of coaching for agents but it is equally applicable to investors.

Ralph, thanks for responding.To my knowledge there is no applicable penalty for using the downpayment assistance since (to your correct assumption in point #2) I would not be selling this for a profit ... most likely.

(they may have you income if you have filled out a loan application recently)So, if you open additional lines of credit, even though you don't borrow, it is assumed that you can and will use it and based on your income, your debt to income ratio will increase and could cause your score to go down!

If I were to write my own contract, I would begin by describing both parties with their applicable relationships, Optionor, Seller and Optionee and Buyer.....You can also use two contracts and have an effective date on the sale contract subject to the option and dated accordingly.