That means that on average, every family has the equivalent of 10% worth of their gross household income in high interest credit card debt. 

However he will need his state's equivalent licensing because it's required per the SAFE Act.

They're essentially unheard of in Europe, where there is no equivalent of Fannie & Freddie.May well be more variation in rates between good and weak borrowers.

If the real estate agent has agreed to pay the difference out of their commission make and keep friends and if later you want to buy your  loan down ask your mortgage company if you can buy down by an equivalent amount.

This isn't too hard to implement in PHP or equivalent.

Today’s equivalent is more like 70-90% returns in 5 years or 15-17% irrs.

On some of my bigger commercial leases, I have entertained a referral fee equivalent to 25% of the first full months lease.

And make sure to account for the following expenses:1) Mortgage 2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes 4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments 6) Insurance  a) Property Hazard Insurance  b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)  a) Water § Sewer § Garbage  b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%)  a) Upkeep § Landscaping  b) Snow removal  c) Repairs   d) New Appliances 10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.) 

Wholesaling is the equivalent to your college degree, but in real estate investing.8) become a good wholesaler9) Become a GREAT wholesaler.10) After your first 4, 5, 6 deals, you now know how to find off market deals.

That would end up being equivalent to 4% or 4 points.