To my knowledge, the Fraud department has placed a warrant out for his arrest. 

If you want a big split, you're going to be working with less seasoned investors and take the risks that warrant the larger returns. 

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

utm_source=search&utm_medium=internal&utm_campaign=books Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Here are some solid tips before buying your 1st investment propertyhttps://www.biggerpockets.com/real-estate-investing Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

It's good to see that you have a strategic plan and willing to give up your evenings and weekends in an effort to achieve your goals.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

The time to look at the development model is when existing product becomes expensive enough to warrant building something new.The way I think about this is as two sides of the same formula:buy below replacement costorbuy/develop above replacement cost (I call this the "development model).In a recessionary environment, when values are down, you can buy units below replacement costs.

I posted this in another thread but felt it warranted it's own thread.  

Personally, I do not believe fortunebuilders has a system that warrants the kind of "investment" they require.  

In a specific market where buyer and seller are not under duress to sell with a marketable property it will be bashful to an agent who is looking to build a name for her/himself to submit a low ball offer unless if its warranted by some other reason.Properties or owners who have duress with value add potential whether from zoning, entitlements, legal, depreciation to functional obsolesence, sellers personal reason, and other can present a good opportunity for an investor.

Assumptions:- $110k purchase- 3% closing costs- $0 improvements- Cash outlay = $25,300- 20% down @ 4.5%- 10% vacancy - $1200 monthly rents (no utilities, unfurnished)Gross income net of vacancy = $12,960If expenses are 35% of gross income - Cash on Cash return = 12.1%If expenses are 40% of gross income - Cash on Cash return = 9.6%If expenses are 45% of gross income - Cash on Cash return = 7%These are clearly just estimates but nothing I see would warrant further investigation from me.