RE is a social business, you succeed by knowing people and working with people, especially those who work in the support areas, like Realtors, closing agents, title folks, RE attorneys, surveyors, appraisers and those in the skilled trades.

I was just trying to see it from the agent side of things to see if it is a "pretty even trade".

Nothing would be more exciting than getting into real estate and building long term wealth, as well as doing this full-time.One thing that is handcuffing me, is my lack of capital to trade with (I have about 6000 dollars to invest, but properties here in California can be quite expensive).

Dave Van Horn has a firm that trade second liens with a good reputation.

I'd rather find more sophisticated money and surrender a bigger portion of the deal in trade for greater protection from suit if things go south.

For things like a refrigerator I would have that in the lease as something provided without warranty as there are factors (i.e. used in the garage with extreme heat or cold, max temp setting usage, etc.) outside your control that can cause problems.I also rely on good trades (have some in DFW) that won't take me to the cleaners on repairs.

I appreciate that it is sponsored by a major trade show and not in the back room of the local Econo Lodge.

Also having a skilled trade helps out tremendously.

They try to compensate by inflating which as a buyer you almost never accept that trade off.

However, prior to funding on the second loan, they will re-pull your credit and look for new trade lines which might show the new first closing loan.Provided you qualify for each loan on your own merit and can support the debt service in both cases, there really is not a reason to avoid disclosing.