But, if he's had a vehicle repo and now the late payments, unlikely he'll be able to get that.So, yes, this would be a good deal if you could get it at a low enough price.

I'd be leerey of dumping a bunch of chemicals in, and then crawling into those chemicals.

I think man what they could do with that lifestyle if they would only use RE and leverage as the vehicle.

Some companies will run the main business in one entity but keep all the vechiles in a separate entity and the lease the vehicles back to the main business (department store with the delivery vehicles owned in a separate subsidary).Cost vs. benefit trade-off.MikeOH talks about how he keeps apartment buildings in separate entities.John Corey

If you have ever read a standard note and trust deed used by mortgage lenders, I would bet a good attorney could find 20 things many home owners are breaching in their agreement on a regular basis… i.e. parking commercial vehicles, or operating a business from the premises...

They are always encouraging RE as a viable investment and wealth building vehicle.

I can essentially use paint/like materials and chemicals and remodel an entire house with those as supplies.

Many of those loans have been sold off and packaged as investment vehicles.

You mean to tell me with all the business owners on this board, no one has ever titled their vehicle in their business name?

The promoters make it seem like they are turn key almost guaranteed investments but you want to make sure you do as much due diligence as with any commercial real estate investment because in a lot of cases, you probably will be investing outside of your geographic area in markets you are not as familiar with.Assuming you get into a solid proeprty, I personally think they are a great investment vehicle