Participants in the commercial real estate space could do themselves a lot of favors by forgetting entirely the concept of purchase cap rate.Cap rate has only one useful purpose--and that is to estimate the price in which the property may sell for at a later date. 

Thanks again, @Tyler KeslingI love your enthusiasm, but you need to be careful about being so enthusiastic that you ignore the basics.  

We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

I've already had a home inspection done and it basically told me what I already knew about the property.

In my case, I went with a basic personal loan initially because it was more lenient with my lack of work history, even though the rates were slightly higher.Some resources, like Loansinfinland.fi, can be super useful for comparing loan options for unique situations like yours.

After that initial down payment, the bank will basically be financing your investments.

Add some levity.....lol.Playing victim is the IN thing now.Say your son saw Morris video  and was intrigued with his Freedom # concept.

Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.

How  do i know the contractor not cut corner, the seller refuse to disclose the scope of work done, and the contractor said he won't reveal it without seller permission, so they are basically say we won't give you any information beside invoice, other figure it out yourself with your own money, we don't' have obligation.

I would like to think it is worth it, and that I could run a business model that serves fewer customers really well rather than deliver basic services at scale.