Brokers in general don't understand how apartments operate or lie about the operations2.

These smaller banks operate differently in many cases.

Antonio,Follow the above advice and you should be able to come up with comps, listed or not does not affect the process.When working solo, especially as a newbie having on intimate knowledge of your area of operation (like Jake mentioned) is key in being confident in comps and knowing what is and is not a deal.

If you have a net operating income of $40k and the offer is $100k per acre for 3 acres the effective cap rate at the offer price is 13.33%.

How do you operate without a car?

There is no statute being broken, so next time anyone tells you something is illegal demand they provide the statute or stuff it.However the lender has rules and without them co-operating your not going anywhere.

For example, if you operate two separate farms on which you grow different crops and you keep separate books for each farm, you should make two separate elections to postpone reporting insurance proceeds you receive for crops grown on each of your farms.

First off I hope this is the correct sub forum (BP is over loaded with sub forums) I am wondering how many BP members live solely off of their real estate.

What game do you want to play - that is the question you must ask and then learn how to do it in and out.If you intend to be a landlord (based from your post), you need to understand landlording and more specifically, operating expenses and all expenses associated with rental units.

What is a performance group: a group of investors who communicate regularly to share operational and planning ideas, and to act as a “board of advisors” for each of its members.How it works: Gather 5 or 6 investors who are dedicated to building their business.