Do not think you can just start an investment company with 15k (that is reserves only on one property).Work for the next couple of years while you all learn and use your skills to help build the foundation of a future company and leverage your relationship with the alumni to see some of his properties and learn.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Off-market pocket listing from a long-time broker relationship How did you finance this deal?

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

Off-market pocket listing from a long-time broker relationship How did you finance this deal?

Besides, anybody can just come and take whatever they want, I would not have any proof.I would like to get my keys back by giving them a legitimate reason without getting our relationship gone bad. 

You cannot transfer the 1031 exchange benefits to another property, and gains are deferred, not eliminated.This post does not create a CPA-Client relationship.

I would build a relationship with the person before you decide to partner.

There are plenty of valuable contacts, relationships to create & grow, helpful bits of information, etc.3 things I'd recommend for a new BP member looking to make the most of the platform:1.

Tax saving might change you ROI so focus on meeting those rules if you are going to close on it.Kissimmee’s competitive STR market requires strategic theming and marketing to stand out, but its proximity to Orlando attractions and future developments like Epic Universe could drive demand.This post does not create a CPA-Client relationship.