While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

Have you passed the tax assessment yet, or is this your first year of owning it?

This year will be the most I have paid for my taxes to be prepared, and the only year where I will be filing with an extension (and added stress).To be fair and objective with my feedback, the upfront consultation process went well.

You can read the full story in our self storage post for that location.  

Learn about the Net Operating Income (NOI) and Capitalization Rate (Cap Rate)—these are essential to analyzing the potential profitability of a property.Return on Investment (ROI): There are different ways to calculate ROI in real estate, such as looking at your total return after a sale or assessing your rental income versus initial investment.

;however, my issue is that I dont have good credit and since im self employed I make.very little income. 

Best regards, This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation.

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score. 

Also what does the city say is the assessed value of the property on your taxes (it will be different than the appraised value, but should give you an idea).