We have education in real estate principles, real estate law and real estate finance.  

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

There are alot of risks using your heloc and you need to understand how you will make the monthly payments for the heloc AND how you plan to pay off the principle of the heloc.

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

I’m also a newbie to commercial real estate, focusing on multifamily, but I’ve found that many principles overlap across asset types.

Principle pay down and appreciation are the main drivers behind my strategy, and I focus more on IRR instead of cash flow.

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.

Annual net operating costs for option 1 are basically the same as the annual revenue.

By the way if I see the same proposition that was previously on the ballot and got struck down, I automatically vote against it on principle regardless of how I voted for it when it was initially on the ballot.  

Is the property set up as a STR already or do you need to do the basic work to get it started?