You just can’t use it to misrepresent yourself as a broker.Jeff,  there was a guy in Denver i believe that sold this kind of program kind of pre GFC.. he got hammered by the AG  and I beleive maybe even criminal.. but it was the same thing drop a bunch of craigs list adds..

I have the income requirement on the application now, but I'm curious if other PMs list things such as minimum credit score, eviction-free period, and criminal check history requirements.

Five weeks is a pretty long time to say he didn’t stay… there’s all kinds of people with criminal records for stealing two dollar packs of bubblegum from the 7-Eleven.

Btw, many of us feel negative toward a certain previously named guru; but treating @Noah Laker like he’s a criminal for asking a question or having been to a guru’s seminar is, in my opinion WAY over the top.  

If the client had unlawful criteria (no kids, no criminal record, no section 8 source of income-whatever) then your job is to inform the client of the illegality and refuse to take him on as a client until he removes the illegal criteria. 

An SEC spokesperson also declined to comment.No criminal charges or civil complaints are known to have been made against RAD or any of its employees.RAD did not directly respond to questions about any potential investigations of the company.

.✔ Criminal Background Check – Run a nationwide search to ensure compliance with local laws while identifying potential risks.✔ Judgments & Liens Search – Since these no longer appear on credit reports, a separate search helps uncover unpaid debts or financial issues.For Section 8 tenants, screening should be the same—rental history and income verification are key since they’re still responsible for a portion of the rent.

Fix & Flip LoanIdeal for: Buyers renovating and reselling for profitMinimum GuidelinesFICO Score: 620+ minimum (700+ preferred for best terms)Down Payment: 10%–20% of purchase price (based on experience)Experience:0–1 flip in last 2 years = higher rates, lower leverage2+ flips = better terms (LTV, LTC, LTARV, rate)Special consideration for General ContractorsLiquidity Requirements:Must show funds for down payment, closing costs, and reservesReserves typically 3–6 months of payments depending on experienceLoan Term: 12 months interest-only (extensions possible)Rehab Scope: Detailed Scope of Work (SOW) required before applicationExit Plan: Must clearly outline exit strategyCharacter: No recent criminal history involving moral turpitudeEntity RequirementsIf closing in an LLC:Must provide Articles of Incorporation, Certificate of Good Standing, EIN Letter, and Operating Agreement (or Corp Charter if not an LLC)Must prove experience via HUDs or LLC membership tied to past dealsFunding Speed4–10 business days with clear title and insurance✅ Best FitBuyer has cash for down payment and reservesProperty needs rehabQuick closing required🔹 2.

Many new landlords get burned by trusting gut feelings.Tip: Use income verification, credit, criminal, and eviction checks every time.

At the viewing, I explain that Transunion Smartmove will do a credit, criminal, and rental background check (they check the eviction database).