Art Vanderwerff

Marketing is the bloodline of your business! We're not in the business of real estate we're in the business of marketing. If you don't market you don't eat. Plain and simple.Now onto the meat and potatoes.  No longer ...

No two notes are identical, may be similar but never the same and underwriting is an art as much as a science, probably more of an art.

Making an impact as a cold caller in a world full of cold callers is an art.

I will be working remotely, and ideally would like to travel like a digital nomad at times, so would also be interested in a place that would be appealing to airbnb people or people wanting to rent.I was also wondering if someone could describe Lake County to me, in terms of the people and culture, and whether the outlook for the area is open to setting up cottage industries, art colonies, tesla-like communities, etc.Thank youp.s.

@Art Nava !

I did a 1200 sq ft 70's SFH with not only popcorn ceilings but with very heavy adobe plastered walls so skimming was not an option.

Beyond all of that, I am a bit of an Art Collector.

Thoughts @Albert Bui or @Chris MasonFrom a residential lendin stand point properties only do not count if your name on the title and the mortgage note are in another entity and mortgage note does not show a personal guarantee.There are different takes to this because the underwriters still see 18 properties on your schedule E and this a gray and this is where the art and science of being a lender, investor, come together.The underwriters in 99% of cases don’t get that LLC’s can be taxed in multiple ways and your lender will have to explain that to them (sole prop, Corp, partnership, etc).When an underwriter sees properties on a schedule E they assume you own it personally because they are used to seeing borrowers who own properties in their own names on that schedule so they assume the same.One solution ive seen used and discussed with multiple accountants and attorneys is to file your LLC as a partnership (form 1065) and have one of your other entities own 1% of your llc while you own the other 99%. 

It seems fairly easy to determine the rent income you can squeeze out of a place—but knowing what sort of changes in the area may affect its value 5-10 years down the road is more of an art.