The sellers terminology is gobbledygook (not an industry term) Reminds me of the days when I was a stockbroker, Wall St. likes to create terms that sound "sophisticated" to cover up the risk instead of calling it what it is.

A good sophisticated small firm that caters to Brooklyn investors is: Daniel Gershberg, Esq. 55 Broad Street, Suite 18B New York, NY 10004 t. 212.390.8866 e.

I agree with J Scott that most accredited investors are fairly sophisticated and look for IRRs.

The sophistication of the investor vis a vi Real Estate investing or deals.. it does not take much knowledge or sophistication to buy a Turn Key rental.. even the most green investor understand the model and concepts..

Plus, any accredited/sophisticated investor rqmts., etc.Where do you get your loan docs (and PPM if appropriate) and have they been reviewed by a lending and/or securities attorney?

3% EM is standard for purchases, however sometimes with wholesaling that all kind of goes out the window....usually in the less sophisticated areas.

Originally posted by Bienes Raices:Dave Ramsey always recommends people only own rentals free and clear, but he is hyper-cautious on every issue relating to debt...that's his schtick.You need to consider who Dave Ramsey's audience is...The majority of them are not knowledgeable about real estate and the majority of them probably have/had money problems and aren't sophisticated when it comes to saving and/or investing their money.

That is completely unethical IMO given that you are likely 10X more sophisticated than the seller accepting this deal.

Usually land that close to military base is wrought with restrictions because of live fire arms and ordinance ranges, air traffic, density regulations to handle basic utility infrastructure, etc...I love the thought process your after but sounds like it would be best left to a sophisticated investor who has experience both in development and government contracting.  

uneducated", LOL.Being less sophisticated or unsophisticated is not being stupid.