Based on that negotiation you may want to adjust the above concept accordingly.You also brought up another sticky situation.

Don't fall for this concept.

It is not, its own stand alone concept separate from retail price.

I personally have gone to the Lance Edwards Apartment Wholesaling Seminars, I closed my first deal of 1.6 million in less then 2 months.

They will be able to walk you through setup and structure as there are many other concepts to deal with such as survivor-ship if one party passes or how a party can be bought out, etc.

Are you familiar with the various concepts?

They have it available as a free podcast, if you want to hear what was discussed:http://www.thenorrisgroup.com/blog/category/radio/I admit, I didn't quite understand the whole concept, but it sounds like the wheels are already in motion.

Darryl Dahlen hit the concept spot on.

So, just based on that sort of concept of capitalizing on every available asset, I am kicking around the idea of getting another rent out of the duplex and turning it into a triplex.

Kevin and I chatted, he was very helpful, and I brought the concept to my local partners.We decided to follow that model of free networking events, and started creating the Black Diamond Real Estate Investors starting with our first meeting in Waltham, Ma.