They make their money on these fees and rarely ever fund a loan.2) you sent an ill advised "up front" fee to a lender that does actually lend, but the type of loan you wanted is not available to LLC's (conventional loan) or your LLC doesn't qualify, or as mentioned the LLC doesn't own the property.Legitimate lenders don't have an up front fee just for "starting the paper work".3) you paid for an appraisal and maybe title work, before they found out you/your LLC doesn't qualify or they don't lend to LLC's (conventional loan).

I've been advised to go straight for an offer, but I'm not ready for that. 3) The area seems v. promising.

Much thanks to BiggerPockets for their FREE informative articles and support that I found I had to pay for on other websitesI would advise anyone trying to get involved in real estate to keep searching and find their niche I did!

Much thanks to BiggerPockets for their FREE  informative articles and support that I found I had to pay for on other websitesI would advise anyone trying to get involved in real estate to keep searching and find their niche I did! 

Kevin Hunter and Arpan Patel thank you for the advise, that was my original thought to do both!

I advise you to seek advice from an attorney.

So I've read a few real estate book, I'm no pro and yet obviously, and the advise I get from people in the industry hasn't been 100% true. 

In terms of advise I would say it depend on if you have money or time / Skill.  

Be patient and develop trustworthy contacts on the ground that can advise on trends, locations and niches that continue to work.  

Hi All,I am in contract with one small duplex in Bakersfield CA area(zip code - 93305) and need some guidance from expert investors to see if these numbers make sense.Offer Price: 100k (1bd/1ba and 2bd/1ba) - 1500 sq ...