One strike and you're out.

But there are states where that type of lending is still regulated and requires a lic, or requires the lender (the one with the money) work through a lic broker/ lender to be able to make your loan.This is just scratching the surface of all the questions you should know the answer to before striking out on your own and building a PL business. 

Try to strike up conversations with the locals and find out if they are all on social security or have work.  

I am looking at a 6 unit apartment complex striking out with having a real estate agent helping me I began to dig into the property myself seeing if I could get a contact name or number. 

Read tons of books, never used a Guru (They strike me as ego inflated best of luck success stories), used a mentor when I was just starting out, and that helped significantly. 

NPN's is a numbers game...some deals are home runs, but most are singles and doubles with some strike outs along the way as well.  

IN addition these particular companies located in SEattle and Portland.. also track all the sales and they have people on staff that bid.. the borrower can attend but the borrower puts a strike price.. so its a bundle or suit of services.. the HML does all the tracking all the title work up front of course comps out the collateral and when able walks and inspects the property.. borrower needs to do drive by and get in the property if they can.. since the borrower is taking on the risk capital  IE the last 20% of the capital stack ..

Flipping strikes my fancy, I have skills for it.

Out of state ... strike one!

I am now looking to invest my money back into real estate and know i have much to learn, don’t hesitate to reach out and strike a conversation i love to learn!