Hi All,Do lenders require flood insurance for medium to large multifamily apartment properties NOT in a 100 or 500 year flood plain?

We will share our experiences, network, and just plain help each other out, with trying to profitably manage our rentals, and learning together about other opportunities in real estate.   

But understanding the implications of taking on mountains of debt, and acknowledging that plain simple fact that this is exactly what mortgages are (mountains of debt), needs to be a part of the plan.This flies in the face of traditional/prevailing BP wisdom about always being hedged to the max, and that's OK.

There is an enormous opportunity right now to raise money from private investors who are sick of getting paid nothing for keeping their money in the bank and are also not that interested in putting their money in the stock market.

I remember a member on BP asking their representative in one of their classes pointed questions which the rep couldn't answer or the info he was giving was just plain wrong.You can probably learn more on BP in one day than attending one of these events.

They are a tenant advocate org which also provides some landlord training sessions on MN law and published a great book (see https://homelinemn.org/publications/landlordsguidetomnlaw/) written in plain language with pretty realistic advice.

The seller has a dominate motive for selling (which he may not tell you (you need to dig for that reason; debt, divorce, back on taxes, going to be incarcerated, serious illness -sick of real estate ) When I work with investors - I need to know why they are investing - usually there are several reasons:Need for quick cash - we solve that problems by assignments -fast turn over for cash settlement - wholesale-flipping, Control and Roll -  Guerrilla marketing - radio adsMany clients will do 5-10 assignments to build a capital reserve than go pay cash for houses or commercial buildings.Some clients have all the cash they need - they want to build a portfolio of rentals - houses and commercial.

*Stay clear of Tom Britt with Great Plains 

We'll have starting capital to do marketing through multiple channels and are looking for buyers with specific goals in mind, property types and areas.Any relationship building, connecting, or just plain community friendly interactions welcome.

You were plainly wrong!