Pretty interesting stuff if you're somewhat of a history buff.

Finally you can avoid confrontation by handing everyone a rental application to fill out or emailing it to them, saying you must accept a $35 rental app fee and will be checking for evictions, criminal history and income.

For sure this is possible but then your end buyer must pay all cash as no lender would finance a new LLC with no credit history and these days (even with your own personal guarantee), the lenders are not wanting to loan to an LLC unless that investor has a long history and proven track record.I always state that my actual EMD will be deposited into escrow within 3 days of contract agreement, but that does not really give you as the wholesaler much time to find a buyer when you are new at this game.I agree with J Scott that while there are strategies to make this happen with REO's, it is very difficult and not really worth the effort in many cases.

My daughter's BF works for a professional flipping company in the Inland Empire and even they are having a hard time selling their properties.

It's commercial credit and funding is made by small local banks primarily to people with a history.

Maybe they'll do a reality show of her Presidency and we can hear more about how her daughter sleeps with porn stars and has kids out of wedlock.It actually sounds like fun!

She had no criminal history.

If you pull this post, then someone else will want to start one up because it's a naturally volitile topic, and if someone else comes along and doesn't know the history, they'll want to post a thread like this.

Employment history and income need to be evaluated to really help make a great recommendation.What has your mortgage professional advised?

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller