We have been in the business almost 65 years.

DSCR loans are business purpose, so you wouldn’t be able to occupy the property.

They have below average management fees and have been in the business for decades. 

It's a good rule of thumb to follow mate.We always get caught up on the potential of a deal or business and don't focus on a "worst case" scenario.Experience has taught me to become a "Negative Nancy" first and evaluate the downside from a risk assessment standpoint.I would always get too carried away and am optimistic and easily influenced to believe in the best in people and ventures.Only to get my A$$ handed to me on a plate.Well not anymore... lol

Hey Karen, A misconception about the real estate professional status (REPS) is that you can be in a real property trade or business (in your case, broker) and still qualify.

Or worse ...As you grow your business, so should you grow your reserves.

I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business.

For example, if you dedicate enough time to real estate businesses and real property trades, you may qualify for the real estate professional tax status which is potentially a great way to reduce high W2 taxes. 

I see former players from the 2000's coming back to the industry under different business names, and some of their prior work was less than stellar.

I will keep that in mind as I develop my business plan and team.