Being a broker is better suited for originators that like to work independently, control their workflow, and like to offer an array of options.

@Garry Miller I suggest you also check out the wide array of excel models at Adventures in CRE.And thanks for sharing.

The vast majority of lenders are going to base the loan LTV and terms on the lower of appraisal price vs purchase price. 

The vast majority of them, close with some type of financing. 

It offers a larger financial cushion and more favorable loan terms.Proximity: Investing near where you live vastly mitigates risk, as you can self-manage the property more easily.Since you have a rent-stabilized unit and some flexibility, subletting is an option that would allow you test different cities, although it comes with strict legal caveats:The "No Profit" Rule: In NYC, you cannot legally sublet a rent-stabilized unit for more than the legal rent.

We allow a gift of equity on our balance sheet product, but I have not found a secondary market (the vast majority of DSCR products) that allow for a gift iof equity.

I have management/onboarding in place ready to go and the vast majority of onboarding has been automated (as much as possible).

The vast majority of these “probes” result in either flat out rejected offers or counters that aren’t anywhere near doable.  

This area is diverse enough for vastly different price points and there's never a shortage of renters looking for 1, 2 & 3 bedroom apartments. 

I Joined Jeromes Buying land and building homes program back in 2019Heres my opinion on my experience....First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.6 month program will run you $5,997 if you decide to pay all at onceor you can make a $2,300 payment every 2 months totaling $6,90012 month program will run you $9,997 if you decide to pay all at onceor you can make a $3,000 payment every 3 months totaling $12,000I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.PROS:The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you.