—The term “Federally backed mortgageloan” includes any loan (other than temporary financing such as a construction loan) that—(A) is secured by a first or subordinate lien on residential real property (including individualunits of condominiums and cooperatives) designed principally for the occupancy of from 1 to 4families, including any such secured loan, the proceeds of which are used to prepay or pay off anexisting loan secured by the same property; and(B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way,by any officer or agency of the Federal Government or under or in connection with a housing orurban development program administered by the Secretary of Housing and Urban Development or ahousing or related program administered by any other such officer or agency, or is purchased orsecuritized by the Federal Home Loan Mortgage Corporation or the Federal National MortgageAssociation.(5) FEDERALLY BACKED MULTIFAMILY MORTGAGE LOAN.

@Neil Aggarwal If I can learn the competitive nature here and use it in my smaller market I’d hope I can learn more here and implement it in a smaller market.

Realize this topic was probably put out there as a teaser, but lets take it to its natural end result. 

Slowly but surely and bouncing around from jobs, I ended up picking up a security job and studied over night.I attempted several business ideas, a nutritional supplement company, day trading, etc.

Cap rates will likely expand because most institutional investors will want to reduce their exposure to this sector.The Darwinian nature of retail has presented itself once again.

Do you need to supplement your income if you take lower paying jobs?

They've almost certainly had the question come up before.Of course, they may be entitled to part of that referral fee too, but that's the nature of the apprenticeship (agent-broker) model unfortunately.

Apparently, the torrid pace of employment growth in late spring gave way in July to a sharp slowdown in hiring, underscoring the fragile nature of our recovery with the coronavirus still running rampant in many states.

I never really thought about connecting with local bankers or of that nature.

I have been reminded on more than one question that my natural drive was to want to help the underdog, the kid getting picked on, the homeless.