Lupe Santiago
Selling your own Originated Loans
Hello,
If I originate a loan (hard money residential - not for owner occupied dwellings) and then sell the loans to the open market, do I need a separate license? Am I a broker if I'm selling my own loans that I ori...
Melina Gorosito
Lender loan origination fee-scam?
Wondering if it’s normal for lenders to ask for a loan origination fee of approx. $1200. What is the usual ways you deal with this transaction? I suggested giving the funds to an attorney in trust and releasing them a...
Erik Stewart
RE investors with humble origins?
Calling all underdog RE investors.If you got into real estate because you were an engineer, lawyer, doctor, or otherwise have large amounts of discretionary income, that's cool, but I want to hear from the unlikely he...
Account Closed
80% of original property value
Hey Everyone,I recently made a commitment to get into real estate investing using the buy and hold strategy for renters, so i've been reading BiggerPocket's "the book on rental property investing" and I feel like I ha...
David Simpson
Origination fee... real or fake?
Is it common, when dealing with private money lenders, to have an "Origination fee"? How do you know that it isn't a scam? Does anyone recommend a private money lender for a rookie to real estate investing? I curre...
Ali Sheik
Cap Return on Original Investment
Ok, so I suppose that this is an unconventional question and most likely doesn't have a clear cut answer but I will ask it anyways. To make it simple suppose you purchase a property all cash with an initial 8% CAP rat...
Dele Ola
Residential Mortgage Loan Originator(RMLO)
I am in a process of doing Owner Financing in the state of Alabama. Was wondering whether i can get any information about Residential Loan Originator for all the states in the Country especial for the state of Alabama...
Jason Mott
International Newbie Originally from Iowa
Good morning! My name is Jason Mott, and I am currently teaching music at an international school in Dubai, in the United Arab Emirates with my wife. We previously lived in Shanghai, China for four years, but we are f...
Andy V.
licensed, certified mortgage loan originator
I have been contemplating investing in the mobile home industry (units, not parks) to compliment my SFR investing. However, the more I dig into it the scarier it seems, largely due to my wanting to sell on terms to t...
Jimmy S.
2 original leases or copy?
I always do 2 original copy's of the lease so landlord and tenant have 1 original each.
If there is only 1 original who would get the copy of the lease? How do other landlords do it?
2 originals or 1 or...