Its always better to be prepared than not prepared at all!

I know it's atypical and extreme but here in NYC, plans are only accepted if prepared by licensed architects,  and permits are only issued to licensed contractors after proof of insurance and worker's comp compliance. 

I call the busy work we do to avoid the things we're scared of "preparing to prepare".

Tomorrow if everything goes smooth and I don't have to take to big of a hit (I'm prepared to take a 2-3k hit) the only debt I will have is 2 mortgages, and one of those mortgages I rent out and make $370 cash flow a month off of it…Time to start building this empire and leave the fancy smancy crap alone…Should have never bought that truck….We live and learn!

They many times are recycled test questions so It can help prepare you!    

You may need to ask detailed questions to get the full answers but it could become difficult to walk you through this in a forum like this.Before we prepare a purchase agreement for the land we do a little investigative work to see if the land is suitable for our needs

HLU CURRENT FOCUS: Type of Collateral: Office Buildings Apartment Buildings Shopping Centers Mixed Use Owner-Occupied Facilities Light Industrial Hotels/Motels Churches Gas Station/Convenience Store Vacant Properties (not land) Marinas Lending Parameters Overview: Loan Size:$1,000,000 to $50,000,000 Interest Rates: 11% - 13% LTV:Up to 75% on income producing properties CLTV:Up to 90% on income producing properties Origination Fee:3-8% taken at closing from the loan proceeds Loan Terms:1-3 years Cash Down:Borrower needs at least 10% cash into project (acquisitions) Letter Of Intent: If a prospective client meets our lending criteria, we will prepare a Letter Of Intent FREE of charge once we gain the following information: 1.Name and address of the borrower 2.Names and addresses of the principals of the borrower 3.A detailed description of the collateral including he entitlements (recent appraisal) HLU Lending Group, Santa Clarita, CA

I learned the lesson that night that a large part of self defense is simply being aware of your surroundings and passed that on to many students over the years.I agree with that 100% and I would also add that a big part of self-defense is being prepared.

I think I'll just have to prepare for the peace of mind (and price) that comes with my own lines.

Hello all,I am just dipping my toe in the water of real estate investing (or preparing to take the scary head first dive).