Does the person you go through for lending have to be licensed in the state that you buy the property in ?

Answer 1

On the record, yes, off the record, no. What I mean is that we deal with tons and tons of lenders for the states that we find it unneccesary to carry licensure in. We give them a small cut of the profit, and push the loan through them. email me with any questions. [e-mail]

Answer 2

Yes, unless the state allows for a small number per year w/o getting licensed.

Answer 3

Most states have mortgage lender licensing requirements. They apply to any transaction that takes place in the state.