I'm a research nerd and love the Internet so can typically find what I'm looking for.Do your homework and find someone locally who's doing what you're doing.

Do the math.  

It had been awhile since taking Math and English classes and 2.

@SethThompson - its not just a return question its a question of risk.Just doing the backwards math, it means a necessary $2.5mm investment to get the $380k profit & 16.5% return.When it comes to corporate investments, 15% is kind of the unofficial minimum to higher risk development projects (i'm talking the mining industry not real estate) with 20% really being a good goal for a higher risk project.It all comes down to what is being done (general project market), your experience in similar project, general past performance, and the quality of your plan on this project.  

If you do your homework, you can outperform Fundrise, potentially by a great deal. 

I'm just wondering where the math came from?

Hi Scott,I would search out a tool like airdna.co (not .com) or Mashvisor to do some homework. 

Banks don't want to lend me much (actually I've only talked to one so far, but the same should apply to other loans for the secondary market). (2) I'm worried about finding good deals in the Seattle market (which is expensive), and want to learn more about buying foreclosure, pre-foreclosure, and REO properties.Anyway, I'm excited to join the BP community and learn more about how to make a good real estate deal.By the way, I do have a master's degree in real estate, so I do know about the concepts and math behind the deals and am happy to help in any way I can.  

The bad news: regulations fluctuate so purchasing a property that relies on STR to make the math work can be risky.I live in Los Osos (very STR friendly) and just purchased an investment property in downtown SLO (not as STR friendly). 

Run the math two ways - interest paid without points and interest paid with points plus the cost of the points.