Commercial deals and borrowers are generally more sophisticated so I don't think banks worry about this as much....that, and the deals cash flow more (generally) b/c of the scale economies.

The lawyer may not be able to answer sophisticated questions about your corporate entity that is incorporated in a foreign state.

I have enough cash and experience now that I would like to get a little more sophisticated with my next purchase.

Once you advertise, or "generally solicit", you will be subject to the "reasonable steps" law and self-verification will be out as an option - this could impact your current investor relationships.I should note, this is only one of the perils of "general solicitation" and it also requires you develop sophisticated offering documents that clearly outline all the risks associated with investing with you and in your deals.

Most will need to be under an institution due to asset requirements, but that can be in the form of a bond, I doubt it will apply to any attorney as you have already jumped through this and you're acting as legal counsel.States may have educational requirements to be a broker who will oversee or sponsor an originator.So, the level of sophistication and experience may well be dictated by insurance companies accepting the risk rather than a state determining qualification. :)

Not a lot of people get that large of loans and the sophistication required to underwrite them isn't something you find everyday. 3.

I work as a payroll specialist and would love to quit my job and get into real estate investing.

6.Are the lenders sophisticated or unsophisticated lenders?

They are therefore not buyers – only lookers.Most students who seek my advice are not yet sophisticated enough to be in the information loop where they can benefit from Method # I.

RE #5 Tell your sister I'll pay her $838,726 cash for her apartment if she'll continue to cover the maintenance & repairs, payroll & burden, property management, utilities, G&A, accounting & legal, leasing and advertising, landscaping and $200/unit annual reserve for replacement that are missing from the proforma :)