What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

That is how Realtors board maintain their monopolies - requiring you to belong.Good luck and interview prospective brokers carefully.

I think there's a ton of opportunity in town for developing some of those borderline safe/desireable areas.

I'm currently developing my vision and looking forward to eventually telling my success story.Happy New Year!

So you can go either route..Having overall financial savvy should help in your macro prospecting, although probably less on the costs of flipping an individual deal..

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

You'll develop a big network which will then make the transition very easy into your other business.

i am prospecting a 110 unit storage facility here in Maine.

If the tenant is providing, I will let them know whether gas, electric, or both is available.Sometimes a good prospect will want an electric line put in because their stove is electric.

Your goal in marketing is to identify your prospect pool, target them with effective messaging, and remain in contact over time so your message is there at the time that THEY have the need/motivation (OR if you've been developing a great BRAND, they will hopefully remember you - and how to reach you - even if they are not seeing currently seeing your marketing message...).