The CCIM designation is a big plus but not required.

Another options is a cash out for business purpose primary through hard money. 

But if that Ferrari could bring in a return as an asset, rather than being a liability, and it puts a good amount of monthly cash flow in your pocket each month then someone with an entrepreneurial mindset and business plan for it should think about buying that Ferrari. 

@Gino CerroneEstablishing connections with business leaders, looking for guidance from seasoned real estate investors, pursuing ongoing education, gaining practical experience, keeping up with market developments, and establishing well-defined objectives are all critical for real estate investors.

I am going to give you my opinion of what it means, what it doesn’t mean, and my opinion about the potential outcomes.What It MeansAccording to the factual information that I have acquired, there is only one large impact to the way we do business today.

I recently launched my co-hosting business and have been researching the markets in San Diego daily to be as prepared as possible for my first clients.

All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

They can be leveraged with commercial real estate loans that use the DSCR metric for evaluation; however, these are not under the “DSCR loan” product bucket.DSCR loans are for “business purpose,” only meaning that the owner of the property can not live in the property under any circumstances.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

HI Robert, I live and operate a few RE related business out of the Westerville area.