That can also include "doing together" and sharing connections.I can tell a mentee what to look for in a good lender or I can introduce them to my lender of choice - assuming they have proven to be trustworthy, accountable, reliable, etc. so that my reputation and relationship with that lender is not jeopardized.

With stocks on the other hand you don't recognize the gain until you sell, so you have more flexibility.My 2 cents...

If there's any increase to the premium, offered to pay it for him.Personally, I wouldn't want the risk unless you had a proven track record.

Proven to be too much for me once again. 

In the investment world there are 2 main types of loans for us:  Conventional and Portfolio.Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

@Sandel Ariste Here is my "starting up" collection:Read http://greeneincome.com/index....Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.

That is entirely possible.And the loan that you can QUALIFY for will determine the best course of action here.Generally speaking, there are 2 main loan types for investors:  "Conventional" and "Portfolio"Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

What do you recommend for a proven template for a real estate letter of intent on commercial land purchase?

That way when you are ready to make your move, you can recognize a good deal AND you know what the normal houses in your market look like.