The fact that international money printing machines are all running in turbo mode has engendered an enormous concern amongst fund managers, especially the fixed income type ( in August, a Wells Fargo bond fund manager said to me that he was so afraid of QEs.)Hedge funds have their own pricing models(far more sophisticated than traditional appraisals).

Now, my primary focus is lending to sophisticated real estate investors.

A place to start is to look at your own level of sophistication regarding the purchase and ownership of real estate investments.Next, assess your financial abilities to raise funds for the down payment and your ability to either qualify for financing or raise funds by some other means.If you have a specific question I am sure there are lots of people here willing and able to help you get your start.

This part can be sophisticated.

Back-to-back transactions are being done nationwide, although it is getting tougher to find sophisticated investor friendly title companies.

@David C.The way I see it is this—Whoever created this bill think they are protecting non-accredited investors by NOT allowing them to participate those deals if they don’t have enough net worth to lose.Also, they assume that accredited investors who qualify as such based on their net worth, they must be at least financially sophisticated to make the educated investment.

D 506's make sure that you really take a look at the requirements, the investors have to be accredited (not just sophisticated) and they can no longer just "check the box" on a questionnaire, you will have to have some documentation from an attorney, their CPA, or tax returns.I am still going the Old D 506 route for now, because I do not want to collect all of that, again, make sure you have a good securities adviser on your team.

Where if you raise the deal locally likely working with accredited investors and sophisticated it will be more the traditional syndication model.

I should have stayed in that one lol.Even a sophisticated investor shouldn't play this game with money they can't afford to lose.

"Ringing" an auction is a sophisticated mathematical exercise.