BP Investors as well as Loan Originators need to be aware of TRIGGER LEADS. When a Mortgage Credit Report are pulled, borrowers' contact info is sold, over, and over, and over again by one or more of the bureaus to Le...
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Note this recent change in Colorado statute regarding seller financing and Loan Originator Licensing:
Exemption for Seller Financed Transactions Amended
"Colorado recently amended the exemption provisions under the ...
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Wondering if anyone has used Kiavi as a lender? Thoughts and experience using them?
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Hello BP Friends,I am considering a career change to become a Mortgage Banker (currently a Mortgage Closer) but I would also be interested in working as a Real Estate Agent. I have tried doing some research into the l...
I have gotten mixed messages on this. As a properly licensed MLO can I take apps for more than one sponsoring lender in my state(s)?
If so, don't I become a sort of mini-broker: Shopping my apps to my multiple spons...
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I have a portfolio that I have owned for 3+ years. Selling for 700k.
Total purchase price that I paid was $400k.
Let's say that $100k is from "after-tax money" for down payment/rehab cash and the ...
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Hi all,
I am getting ready to lend on my first deal. It is a small ($2,000), short-term (60-day) loan for a flat fee, not interest.
Wondering if anyone has input on this, good or bad, and if anyone has ...
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Hi, I'm a new member from Columbia, South Carolina. I've been listening to biggerpockets.com podcast and I find this forum really educative especially for a real estate newcomer like myself. I am in the process of buy...
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Today I quit my full-time job. I doubt I will regret this decision as I got tired of the job after working there for a month.
I see my local real estate school has an upcoming broker course that I am considering enr...