Either way in that situation you make your goal.I had a lender one time tell me they underwrite 50% opex regardless of sellers numbers because if they take it back from the borrower because of default they will not be managing themselves and they also could not run it as efficiently as the previous owner who sold it to their borrower.Underwrite conservatively for standard industry practices.I don't buy anything on the if the (everything goes right) scenario because if it doesn't you are up the creek.   

Hi membersI am new to start in the real estate investment, I am looking to find a private lender to work with as I learn the ropes to this industry, I also need a private lender for my own property that I am renovating.I have no idea where to find these angels that are willing to help a new investor knowing what the great returns on their investment would be.Paula

Scott offers several training options and Facebook Live updates.PPR Note Co – This one is lead by another industry influencer, Dave Van Horn.

What have naturally introverted people (like myself) done to get the ball rolling in what seems like a networking dependent industry of REI?

Although I agree with you 100% that gurus are the bottom feeders of this industry, and they unfortunately seem to be breeding like rabbits, are you saying you sent $47 worth of postcards?

What's attracting me to the Raleigh area are the strong economy and the strong high tech industry. 

If anything, our industry has too many "managers/landlords" quick to dismiss and throw people in the shuffle.If it's called the wrong motivation, than fine...at least there's COMMON courtesy -to understand someone, rather than cost another WILLING cooperative person THOUSANDS and change his living plans because of your job's fussy paperwork ??

I'd be really interesting in meeting people who have a bit more experience in the industry, and contribute what I can.

The reason I say this boldly is because a CPA knows what tax breaks to give you regarding this Industry, therefore "Landlording".   

NJ Transit North South West and evaluate multi family 1 mile from the trains.Then I would evaluate Philadelphia and DC since the trains tie into NYC and have built excellent infrastructure between new industry and colleges.High retainage in both for graduates in both Cities when they graduate.Let me know if I assist with any questions.Regards,Joe Scorese