Landing a higher rent reliable tenant on the coast can take a little time as it is very transient, but often landlords find quality tenants in young families relocating to the coast, those employed in the medical fields, Coast Guard and State workers relocating to coastal cities.

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

@Kevin Phu I am an Aegis Fire controlman, moving towards working in the medical field fixing linear accelerators for Varian.

There are other bonuses to hiring a spouse for your business such as the ability to open a Medical Expense Reimbursement Plan.

I really wanted to get an investment started before I continue on in my medical career so I saved up money and just purchased my first investment rental property.  

We have a thriving medical and cyber security industry with a lot of big name Defense Contractors in the area (Lockheed Martin, General Dynamics, etc.)Stop ignoring real estate investors here, you're losing money if you continue to do so!

Note - If you answered yes to both of these questions you can receive a federal tax exemption for up to $500,000.

There are conflicting regulations as to the exemption of 2 or 3 deals by a seller and these may or may not apply to dealers in the business of real estate, so check again at the state level and to assume on the safe side, go with 2, not 3.

This is in a neighborhood close to downtown Ann Arbor, just half a block from the river and walking distance to the University of Michigan medical center, campus, and downtown Ann Arbor.

She was recently laid off from her job but cannot go back to work because they have a 7 month old baby who needs more medical attention than most babies due to a birth defect.