#2 – Give a brief description of the idea and a brief explanation of how the idea can be used. i.e.

All you need now is to find 10-15 motivated sellers that fit the above description, submit offers based on the numbers you have from your analysis of the property, and since they all are motivated, at least one will accept at which you assign the contract over to your end buyer for the amount you want to make on the deal.

Eric, to answer your questions...Yes, our investing is definitely spaced out geographically, but we're thinking with three of us we can cover a lot of ground.

the Q&A forum title & description could possibly be clearer to that effect.Hope I wasn't bothers some

Thanks, Mike, I have always enjoyed your no BS posts (for lack of a better description!).

So-- neat and clean, professional, age appropriate, nothing fancy or designer that reeks of money (like I'd have anything fitting that description in my closet anyway-- sheesh :mrgreen: )

Realtor wants to bring husband by look at, as they seem to think based on my description it's surface cracks.

Now we are both working seperate markets outside of our backyard where cashflow is abundant. 80-90% of the country geographically cashflows.

GeorgeFirst, the 50% rule is NOT an accounting function nor is it anything other than a rule of thumb...That said, the way I interpret and use the rule of thumb -- and most investors I know would agreed -- is as follows:"On average, across a large number of units, a long time period and a large geographic sample, somewhere around 50% of gross income will be used for operating expenses, vacancy/rent loss and CapEx."

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