If you have a complex scheme for holding your properties and you die, your family may not get your properties if your will is not structured properly or God forbid you have no will.Besides, if you run a stand up business and don't screw your tenants and you pick tenants well, you may have no reason to be sued...I have never been sued yet in 8 yrs.

Or should I look at these expenses all long term as losses for the income I make over 5, 10 yrs...What I am saying is, I know specific expenses for insurance, taxes, trash removal they have definate, concrete numbers but how do I put a number on these expenses listed above?

A few yrs ago this was ok, because your home would've grown to be worth $250, or 300k or more.

My wife and I have a BK that is older then 2 yrs and less then 3 years old.

I just returned to a full time J O B after 5 yrs of RE.I did RE pimpin and loan origination for my day to day cash flow and grew my portfolio.Now, I returned back to a day job back in Feb and am very glad I did.

The guy just didnt have enough equity...He owed 160 (just refied 2 yrs ago), which was about the value of the house in its current state.

I've got a lot of friends that have been RE investors for years who constantly tell me; "I would never do what you do".I hope you have considered all sides of this deal.all cashim getting 10% downi offered 9.5%10k above market in a very slow sellers market in my areaIt was going to be a lease option...He would pay 850/mo for 5 yrs and then there would be the option to buy--the house will be sold for 100k w/10k down

Been a mechanic for 20 yrs and enjoy nascar, football and bowling.Thanks for the forumLefty

I want to preface this by saying I am 21 yrs old I have worked a ton of jobs in my life and I want to be my own boss.

It's 15 yrs old and well kept.