There are some costs involved here that many people don't think about including docking your boat on the main land when you go to town and the additional gas expense.

I may invest but I think I kind of missed the boat.

So I read ads a lot, and have noticed the 'luxuries' flooding the market: car projects that ran out of money, weekend cruisers, motorcycles, Waverunners, boats, anything that requires lots of high-octane go-juice.

I was in the same boat as you but I found that with my rentals being profitable it was easier to just do the "100% down payment" deals and not give any of my profit to the bank.I was in TX for 30 years and just left the Austin area (Marble Falls actually) about a month ago.Good luckall cash

I'm pretty much in the same boat as you -- getting started in real estate with a bunch of cash on-hand...I've been doing a lot of research over the past several months, and have decided to focus on apartments (buy and hold) for several reasons, with economies of scale and the ability to outsource management being the two big reasons.

I feel like I missed the boat all these years in the area of real estate, but I am a young 51, energetic, and eagerly soak up knowledge and enjoy networking in any area of business.

I'm not worried about the extra fees.The title company doing the closing on behalf of the bank does not do double closings so rather than rock any boats, shall I just tell them that I'd like the package sent over to say ABC title and allow ABC to do the double closing?

I agree with Jon.Any additions to the contract needs to be initialed by both parties.Don't rock the boat at this time.Robin

This is an age old argument that many sophists have poured plenty of rhetoric upon.I have attended two seminars pumping this method myself (the first knowingly, the second after having been tricked into believing I was attending an educational session on financing).As to your questions, I am not sure if Sub Chapter S Corporations are in the same boat as LLCs.

It's not about big houses, boats, planes, and cars, jewelry, fur coats, and trips around the world-- though I've had and done my share of all that-- it's about going to sleep at night knowing that if I don't wake up, my family has fond memories of me, that I was there for them while I could be, and that the last thing they have to worry about amid the trauma of losing a husband and father is money.