They are attempting to inject language into the ALA intended to trap REI's and Licensees such as RE Agents and Title Agents into either disclosing that there is a secondary transaction or higher subsequent offer.The exact language on a recent approval I had was "Under penalty of purgery by signing this affidavit all parties to this transaction agree to the following: There are no secondary higher offers or pending subsequent transactions that have NOT been disclosed to and approved by the lender.

That should dramatically increase the number of calls you are getting, which should drive more leads and - subsequently - more deals. 

Subsequently, I started reading his articles and eventually went to his seminar. 

The formula & the subsequent rearrangement:Capitalization Rate = Net Operating Income/Asset Cost *Now multiply both sides by Asset Cost to remove Asset Cost from right side and place it on the left side results in:(Capitalization Rate)(Asset Cost) = Net Operating Income *Now divide both sides by the Capitalization Rate to get:Asset Cost = Net Operating Income/Capitalization RateI know most people on the forum understand this, but it may help beginners unfamiliar with the formula.The problem with the property you've posted:As Joel Owens notes, the operating costs of 75,000 (17% of gross income) are completely unrealistic.

In many states, licensing issues even come into play, if you intend to represent clients, for a fee.A finder is described as one who finds, interests, introduces, and brings parties together for a transaction – The principals themselves subsequently negotiate and consummate.

Subsequently they offer financing on the properties through approved seller's into Fannie Mae.

That takes it out of the estate and subsequent taxes and is there for the wife/kids to use and possibly avoid having to sell my real estate to pay taxes and allow them to keep it for long term income after I "shuffle off".

That way each subsequent loan with have it's own time-to-repayment clock ticking on it.I would work on my REI with a 'five year or less' exit strategy - even if only to finance out as a way to pay back the 401K loan (they typically have a five year maximum term) although I would aim for producing liquid cash rather that equity initially so that the REI can begin to fund itself sooner and reduce the dependence on 401K borrowing.

On subsequent units, we went further, changing the kitchen flooring, changing the kitchen counter top, changing cabinet knobs (a small thing, but very noticeable), and changing sinks, faucets, and toilet if needed.

they hung on for a while but then cratered..