Unless you gain advantage of experience(that you plan to use again) or $$$ from the partnership I would steer clear.

I hope BP readers took notice of the many issues with iFunding and their former CEO and steered clear of this platforms investment opportunities.Investors in the company are trying to salvage the outstanding investments, but the structure to protect investors, a master LLC seems to be flawed.  

All in all, except for a few rare instances, i think it is wise to steer clear of such investments.

Also my agent has steered me away from 2 units and said to focus on 3 and 4 units where the cashflow is much better.I'm also looking into property management companies to help deal with the maintenance end of things.I haven't heard back from the woman I made the first offer to, so I'm assuming she's going to say no.

Yeah,well finally found someone who's willing to help me,but he's out of state.After three days of searching for homes to rehab,and good potential rental property's for 5k-30k(ones I can afford)I now I have better insight of real estate market,not that frustrated anymore,everything now is clicking you know that moment when things are finally making sense.I just went to the bank,and put in a loan application for 20k-30k loan,and also working with other lenders.Also calling people left and right who's the ones that are loaning out the private money.Plus I'm working with a real estate agent,that is more of a Investor,that just uses the MLS to get good deals to give me the pros and cons of every area to invest in,and no he isnt steering either.Thanks guys for your reply.

http://www.trigofva.com/jointrig.htmI was told that if you have to pay to attend any REI meetings, then to steer clear of the organization.I could be wrong, but it does sound questionable.Carlton

Is this an advatage to a short sale investor or should we steer clear of these?

I am with all cash fellas if it is anything like Ethanol then steer clear for obvious reasons....

Hopefully one of you will be inclined to steer us in the right direction.

Hi Kat~You might want to steer clear from FSBO's for the owner may be a typical resident and will only want top dollar.