On the negative side you will need to show how you will use the property to generate sufficient income.

Get super familiar with your location of choice and work with people who have your best interests.

Your desire for control and liquidity are likely the two biggest assessments you need to make first, as this will start to narrow down your choices very quickly.

Enough” - “Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spend on cruise control”The Noticer: - “One way to define wisdom, is the ability to see into the future the consequences of your choices in the present.

I'm curious if you decided what you're going to do and if you and your friends have made any choices if you're going to invest together?

Think about it: a first time home buyer given the choice to buy the same home for let's say half price responds with a hard no, happy to pay double - what does that tell you?

Having bad tenants is not something you would like to have, thus make sure the tenant has sufficient income, credit, and who they are.

Try and undertake fairly simple projects for your first couple even if the returns are not as impressive as you hope (still make sure there is sufficient profit).

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

By offering strategic guidance, the broker helps investors make informed choices, ultimately increasing the likelihood of project success.Finally, a good private money broker understands the importance of post-funding support.