Since this is a discussion forum for real estate investors and those who are either the business or wish to be, I'll offer this:Before becoming a lender, I'd certainly make sure I had bother a thorough understanding of real estate principals (fundamentals) as well as the laws concerning ending to individuals for your state.Of particular concern is if there's any chance the loan is secured by a 1-4 unit residential dwelling and used and occupied by the borrower.

Frank Roessler of Ashcroft believes that the main risk for the two latest deals are operational: that is, the fundamentals of the loan, the submarket, and the value-add opportunities are so propitious that the main risk is that they drop the ball.

You are not limited to putting it into real estate, which is a fundamental difference between this particular tax exclusion.  

A good place to start in understanding the fundamental is to buy the Dan Kennedy Magnetic Marketing course.

There is no guru book  or course that teaches the real estate spectrum necessary for land speculation, you better begin by learning the fundamentals of real estate and master the basics before trying to  deal in the raw land market!  

They are fundamentally different things.Note:  I would argue that owning residential rentals is only investing if you are paying for property management.  

Cap rates are a function of demand, and the demand is affected by the underlying fundamentals.  

You can see my fundamental understanding is built upon your amazing posts!

Ask him to also email you those comps so you can drill in and look at them and see if one or two stick out as "most similar"  You can multiply that out by the subject sq ft and that should give you a really clear view on what MIGHT be attainable IF the market fundamentals are still the same.  

2.The CapRate is a fundamental way to measure two different properties ability to produce income relative to their cost.