Ask a mechanic for career advice he's likely to be able to tell you how to become a mechanic.Ask a postal worker for career advice he's likely to be able to tell you how to become a postal worker.Ask Tiger Woods how to play a better game of golf he's likely to be able to tell you how to do it, ask him how to be a better real estate investor, and you probably won't get the best advice.How many rental properties does Mr.

There is a mechanism in place to compensate the other non-silent partners for their time in running things. 4) IF the other partners in either of those scenarios DONT want to but out that share, property(s) would be sold on the open market and any/all equity is split evenly 3 ways.

Precisely because the mechanism of such personal income aka salary if undefined and subject to interpretation.

I haven't thought it through in detail, but I'll need to have some mechanism in place where if a tenant reaches some amount of gross revenue per month, that this arrangement automatically terminates.  

I'm not sure the state of the property or how "nice" it will be post rehab but if you end up with a nicely finished property that has many of the mechanical systems and such in good working condition that's a strong deal in my opinion. 

PS: I forgot to mention that if you have to dig it in you have to use mechanical pumping to drain the tank if it becomes necessary.

Markets turn and just because a place shows 25% growth doesn't mean it will keep doing that.However, if you rely on it and it's mechanical, then it can be a good decision maker - At least a consistent one.

You may wish to confirm that the new 401k provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).3.

Greetings @Chris Webb,The issue I see with older housing stock is outdated mechanicals and older 'bones' (structure, framing, foundation) and as we know father time is undefeated.

We were able to obtain from a copy of the mechanical permit pulled in 1992 (two owners back) from city hall.