They are 2 very separate jobs both with their own expertise. 

I credit this to their training and expertise in this field.Their support staff from training to the submissions department have been very thorough and they know how to create great investment opportunities.

I appreciate the time you took to explain the DC process and I'm also gratified to hear that you feel that DCRA is better than some of our other local jurisdictions.

That is just a guess though as this is not my area of expertise and rates can vary by region.

I assume that such a brokerage with a regional office could provide the local expertise and the national network to promote the vacant spaces?

Stick to your area of expertise. 

You lack the judgment, knowledge, skill and expertise of a good lender.

While I certainly acknowledge that judgment recovery is not one of my core areas of expertise, I do have a little experience.The one and only AJ that I took an active effort to collect on myself was back rent from an evicted tenant.

Phillip - First, I sincerely respect your experience, expertise and opinion...my arguments below are not to be obnoxious -- I truly believe what I'm saying is true (I'm not saying values can't rise, btw), and would love to be convinced otherwise.Originally posted by Phillip Dwyer:The J Scott theory is fundamentally flawed.

.$165,000 equity (my group loans the equity to the deal at 10% -- $150,000 + 10%; assumes I borrow all the equity at 6-10% as well so likely no spread to me)= $165,000 gross profit45% ($74,250) to builder (he gets paid on profits, no fees, but does not contribute equity)25% ($45,375) to my friend the developer (he brought the deal, already has the architect engaged and plans almost complete, orchestrates the process, brings the team/expertise to the table)25% ($45,375) to me (bring the equity, take out the loan, assists on process, etc)The goal is for me to learn as much as I can on this deal and to hopefully be able to form a partnership with the developer going forward where we are doing several deals a year and both getting paid on all of them.