I had three years interning in the field and I was getting BLOWN up by offers from various Mortgage companies, so I finally decided to cut my losses at $40k of debt, enter the work force and stop racking up debt that I'm really not deriving direct, tangible value from. 

So I wrote up a cover letter explaining how I derived my offer and submitted the letter of intent.

Quick analysis is derived by taking annual Gross potential rent, subtracting an appropriate expense ratio (a percentage of income that is typically used for normal operating expenses+reserves+taxes etc.) and dividing by a market Cap rate.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit you needs and be sure to ask questions along that line.

In fact, he never invested in tech during the recent tech bubble (the 90s) or derivatives in the run-up to 2008 because "If i can't figure out what a company does, I don't feel comfortable investing in it."

@Alan Johnson wow...only a matter of time before we get some new crazy CDO like derivatives on the market again...we learn nothing from last time..haha...Interesting idea though!

I derive most of my income from leading a team of 200 agents across the country and investments in 22 apartment complexes, so I work w/ buyers, sellers, and investors by referral only.  

Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years.

While it’s somewhat tedious, most third party data is a derivative of census figures.

If there are no comparable duplexes in the area the appraiser could’ve used the income approach to derive an opinion of value.A relevant question is what market data did you use to determine your list price?