@Ethan SchneiderThis is as much a philosophical question as a practical one.

I have heard great things and was wondering if anyone can lend help as to how to get started and best practices?

In other words, security basically means a piece of land that the private lender can later take away from you if you fail to pay the private lender back.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

@Josh Prince and @Jacqua Le Fleur,Be careful with that practice!

Looking for another cheap option, pay a friend $10 to do some target practice outside...    

Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments.

You ask for unscrupulous investors who, when practicing a kind of wash selling, artificially inflate if price of a real property.  

Connect with me and we can get together as there's a big difference between theory and practice. 

One problem is that local markets and common business practices can vary wildly from area to area. 

I would recommend any real estate investor to have their real estate license even if there's no intent to practice as an agent for the mere fact the education will never go to waste from the course.