Because, if you do what you propose that now means that someone can go after your assets in both states, by having just one legal entity.

However, thanks to one guy doing just what you propose, we now have much stronger laws.In general, you must learn and follow your local laws.

I've read this three times trying to figure out exactly what's being proposed.

The expected market value of the property is determined upon completion of the proposed rehabilitation and/or improvements.

My estimate is that you would be losing about $150 per month (over time).So, what you're proposing is paying more than market value for a property that loses money each month.

There are a dozen REO listings i was tracking that had accepted offers / went under contract ("Pending") in mid-May-08 - with a proposed Closing Date of early-mid-June-08.

Michel,[Disclosure: I feel that many guru programs and services can be offered at much lower costs and experts are preying on naive "students" who are desperate for success]I have to be consistent in pointing out a counterintuitive aspect of your proposal.

On the properties that I found for rehabing prior to finding out that it would not work for me, I put together almost book report style proposals for potential investors featuring repair costs, photos, my own blueprints etc.I want to thank all the experienced investors on the site for the valuable information they are willing to share.

However, the number of banks that opened their doors after the "holiday" was less than the number that had been open before.[44] This was his first proposed step to recovery.

Having very little resources at the moment, I wanted to build a war chest of sorts, along with some experience, so that I could possibly ask a partner into the deal and feel like I have something to offer them when making the proposal.