Facebook’s newest reach for another stream of revenue, cleverly named “Facebook at Work,” is a business version of its social media site that is essentially a workforce communication tool.

Examples of places you can find them:If they pulled a permit on a house the notice of commencement may include their phone number.If they were in a lawsuit and represented themselves, most forms will include a phone number.If they were a landlord and did an eviction, the 3 day notice or complaint will usually have their phone number.There are quite a few areas the info will show up in public records.Social media is the hands down best way to locate people.

And what happens when banks can't make good spreads on their loans, relative to the risk present in the economy? 

Originally posted by @Brandon Turner:@Frank Eimiller like Brandon Turner ;)I'll be thinking of your Social Media post (forgot what platform it was on- of you saying that you bought playoff tickets and are leaving for a football game across the country) when I close my first deal this year.

The first investor is me who I describe in the paragraph below and the second investor is someone who will put less down with the intent to acquire 4 duplexes.Keep in mind the total rent paid for both units in each duplex is $2,100.Total Fannie Mae conventional loan amount:$180,000Loan Term:30 yearsInterest rate:5.25%DP @ 25%:$45,000Closing costs @ 3%:$5,000Mortgage Monthly payment which includes property taxes:$998.84Insurance:$142.00Sewer, Water and Garbage:$104.00Average monthly expenses:$150.00Renovation and painting expenses for early 2015:$8,000Roof in 8 years:$11,000The second investor decides to go with an FHA loan so that they only have to put 3.5% as a DP.Here are the specifics.FHA Total loan amount:$180,000Loan Term:30 yearsInterest rate:5.25%DP @ 3.5%:$6,300MIP:$123.04Upfront FHA MIP:$3040.00Monthly taxes:$250.00Insurance:$142.00Sewer, Water and Garbage:$104.00Average monthly expenses per duplex:$150.00 X 4 duplexes = $600.00Monthly Mortgage payment:$1,491.00Closing costs @ 3% rolled into loan:$5,000Renovation and painting expenses for early 2015:$8,000Roof in 8 years:$11,000 per duplexTotal money required at closing for purchasing duplex using FHA loan:$14,340Using that figure, investor 2 can buy 3 duplexes and cannot afford a 4th home.That leaves investor 2 with $6980 as disposable cash.So investor 2 borrows$7360 (loan term=72 months)from Family at 8% to help buy duplex #4.Private money lender monthly expense:$110.40Investor #1 monthly cash flow per duplex:$705.16Investor #2 monthly cash flow per duplex:$244.60 X 4 duplex’s = $978.4*As you can see Investor #2 has more cash flow each month.2014Investor #1: NOI 2014 = $8,461.92Investor #2: NOI 2014 = $11,740.802015Investor #1:$8461.92 (NOI 2015) - $8000 (Code violation to paint 1 duplex for $3,000 and renovate unit #2 @ $5,000)= $461.92Investor #2: $11,740.80 (NOI 2015) - $32,000 (Code violation to paint 4 duplexes for $3,000 each and renovate unit #2 @ $5,000 each) =-$20,259.202016Investor #1: $461.92 (2015 balance) + $8,461.92 (2016 NOI) = $8,923.84 (2016 Year end Gross) Investor #2: -$20,259.20 (2015 balance) + $11,740.80 (2016 NOI) = -$8,518.40 (2016 Year end Gross)2017Investor #1: $8,923.84 (2016 balance) + $8,461.92 (2017 NOI) = $17,358.76 (2017 Year end Gross)Investor #2:$8,518.40 (2016 balance) + $11,740.80 (2017 NOI) = $3,222.40 (2017 Year end Gross)*It took 3 years for Investor #2 out of the Red.2018Investor #1: $17,358.76 (2017 balance) + $8,461.92 (2018 NOI) = $25820.68 (2018 Year end Gross)Investor #2: $3,222.40 (2017 balance) + $11,740.80 (2018 NOI) =$14963.20 (2018 Year end Gross)2019Investor #1: $25820.68 (2018 balance) + $8,461.92 (2019 NOI) = $34282.60 (2019 year end gross)Investor #2: $14963.20 (2018 balance) + $11,740.80 (2019 NOI) = $26,704.00 (2019 Year end gross)2020Investor #1: $34282.60 (2019 balance) + $8,461.92 (2020 NOI) = $42744.52 (2020 Year end gross)Investor #2:$26,704.00 (2019 balance) + $11,740.80 (2020 NOI) = $38444.80 (2020 Year end gross)2021Investor #1: $42744.52 (2020 balance) + $8,461.92 (2021 NOI) = $51206.44 (2021 Year end gross)Investor #2: $38444.80 (2020 balance) + $11,740.80 (2021 NOI) = $50185.60 (2021 Year end gross)2022This is the year the roofs need to be redone on the duplexes.The cost per duplex is $11,000.Investor #1 – Total cost for new roof on single duplex building = $11,000Investor #2 – Total costs for new roof on 4 duplex buildings - $44,000Investor #1: $51206.44 (2021 balance) + $8,461.92 (2022 NOI) - $11,000 (new roof) = $48,668.36 (2022 Year end gross)Investor #2: $50185.60 (2021 balance) + $11,740.80 (2022 NOI) - $44,000 (4 new roofs) = $17,926.40 (2022 Year end gross) After 9 years as you can see Investor #1 has $48,668.36 in savings and Investor #2 only has $17,926.40.My conclusion up to this point is that having more properties may bring in more cash flow each month at first, but expenses can wipe out those savings quickly.Eventually the cash flow from investor #1 should outpace Investor #2 as proven by the larger balance.Let me know what you think from my example.I tried to keep everything completely even between the two investors, the only difference is the way the two investors choose to spread their intitial cash.I’m personally more in favor of doing it my way.

The smaller the spread between cap rates and treasury rates, the hotter the market in my opinion.

I'd rather have my risk spread across multiple assets in a portfolio than one single point of potential failure.

I wouldn't do it if your cap leaves you with a WACC spread below 2%

Then the misinformation is spread like a disease into other newbies.  

During the end of the long-term debt cycle, the Fed will find it harder and harder to stimulate the economy with money printing, as the spreads between borrowing costs and asset returns get smaller.