For most of us, that means learning an enormous amount of new material like management, budgeting, accounting and taxes, sales, communication, planning, partnerships, corporate structuring, fund management, capital raising, and much much more.

That and our goals/visions/personalities aligned.But aside from raising capital or bringing your own capital, one of the easiest (as well as one of the most impactful) ways someone can get started is by creating a brand, sharing what you know, and telling everyone what you are doing.

My plan (in my head, anyway) is to raise 25%-30% equity from a few different high-net-worth individuals, then go to a bank for a commercial loan for the rest. 

It gives you the freedom to raise rents and/or not renew with a simple 30-day notice.  

The idea that I could raise that to $26,000 seems absolutely amazing. 

Modernizing Property Management, Online Payments Etc, Raising Rents, and Billing back utilities What was the outcome?

When you shut down last group of rooms, raise rates, and market as newly renovented.

I have read the bigger pockets books real estate by the numbers & Raising Private Capital. 

With the difference between a property's sales price and the amount of its encumbrances being equity, eyebrows start to raise with so much as the appearance of skimming and/or other shenanigans, which the 2008 fallout brought us in the form of foreclosure prevention acts protecting homeowners against...operators with less integrity than others. :)Regularly seeing wholesalers ask close to if not retail values for property, and/or other shenanigans, like advertising sub-to terms, a violation of the due-on-sale clause seen in most if not all mortgages, even the sale of property, considered licensee activity, when all they have is equitable interest in said property, at best.

Hi BiggerPockets – I’m here hoping to foster new relationships and hear some of you guys’ tips, tricks, and advice.A little about myself:I’m originally from Des Moines, Iowa, born and raised, and moved to Los Angeles 3 years ago to pursue my career in public accounting at one of the Big Four Accounting Firms.