If you want to take Zoho CRM for Real Estate for a Test drive , you can .

Commercial lenders can be found in the UCC.So, these arguments about who a private lender is can be clearly found by the process of elimination and by specific exclusions in laws and regulations.No skin off my nose if folks would rather argue about it, if a situation ever pops up where it matters, you can learn later on, probably the hard way for some.I recall an examination of a bank in Arkansas, the President got into banking by the virtue of having the money to do so, there is no intelligence test required to own a bank.

Do a formal comp analysis -- it will be much more accurate -- and in my opinion, you should never use 2 bathroom houses to comp less-than-two-bathroom houses.

You might pass this test at 50% LTV, but by the nature of RE, it is not considered "marketable" from a liquidation stand point without slashing the price for an immediate sale.

That complex had to pass the "condo questionnaire" test regarding litigation, owner occupancy, etc.

Writing checks for the exact amount is important, writing a check at a grocery store for ten bucks over the receipt is an issue, where the cash goes in your pocket, besides the issue of showing the business purpose of things purchased at a grocery store.I know of one LLC that failed meet the test since the minutes of meetings were never kept or any record of meetings authorizing activities.I would think that any attorney drafting an LLC for a client would run over the these issues with their client.

You should work with a real estate agent to try to find some accurate comps that have sold within the last 6 months.

I rely on my wholesalers to double check and make sure that information provided from seller is actually accurate.

Few are willing to spend their time on a percentage of first deals because of the statistic that only 10% of students actually do something so the fee becomes a test if you are serious.

Wade, now I agree that you can and should look to comparable vacancies to examine the market, it has a greater impact on projections and in some markets be fairly accurate. :)