If they lead people to believe their lower value then it helps the institutional investor make larger profits when they go to market at higher price.

Here is what I see:Syndication:You join an organization that has a general manager who helps investors buy a part of a development for a unit price (often $50K or $100K) and the aim is to improve the development and select a location where the appreciation of the development combined with the increased income post-renovation create a valuable deal for larger scale and institutional investors.

Since the mortgages are provided by private institutions, they can title them as "business loans" while using the subject property as collateral. • Max number of loans?

Civil suits No action or suit shall be instituted, nor recovery be had, in any court of this Commonwealth by any person for compensation for any act done or service rendered, the doing or rendering of which is prohibited under the provisions of this act by a person other than a licensed broker, salesperson, cemetery broker, cemetery salesperson, campground membership salesperson, time-share salesperson, builder-owner salesperson or rental listing referral agent, unless such person was duly licensed and registered hereunder as broker or salesperson at the time of offering to perform any such act or service or procuring any promise or contract for the payment of compensation for any such contemplated act or service

Appraisal of Real Estate 12th Edition, Appraisal Institute, Page 236.

Obviously the CCIM Institute or Institute for Real Estate Management, IREM, have the best courses for learning how to do financial analysis and give you the tools to do it.I read a book a few years back that was the best book on cashflow I ever read.

On the other hand, conventional loans have lower rates.I recommend analyzing what loans you qualify for and then see which is the best option for your project.Here are some additional details about traditional and hard money loans:Traditional loans are typically offered by banks and other financial institutions.

He tends to focus on performing seller finance notes, rather than defaulted institutional notes, and using partial contracts to buy and sell them profitably. 

It should include fidelity bond coverage, errors and omissions insurance coverage, and if they are a regulated entity, they will have a full financial institution bond/package that covers quite a bit more.  

., residential or commercial 2- the purpose of the note - purchase a SFR as an investment vs as a place to live3 - whether the note is one originated to institutional standards, or a product of an owner financing/seller financing transaction4 - whether the note was originated as a high interest note5 - the state the property is located in6 - whether the funds provided as proceeds were used for a business purpose or a consumer purpose7- whether as a “broker” you will be originating notes or facilitating the exchange of existing notes8 - whether you will be servicing these notes 9- whether “brokering” includes syndication, or sale of a “fractionalized” interest. so, there are 3 levels of governmental regulation, depending on the above, as well as some other investment croteriaLevel 1 is Federal - Dodd Frank Act and or Consumer Finance Protection BureauLevel 2 is State - Licensing as a mortgage broker, commercial mortgage broker, real estate agent, consumer lender, etc.Level 3 is back to Federal - is the offering of a note for sale a security?