I am curious because I am involved in all of these in one capacity or another along with my attorney and various title companies (which are basically attorneys).

To the extent of you capacity and abilities.Hope you understand what I'm saying here, I hate to type!

One LLC is the buyer of the real estate, another is the business operations, which was existing and is buying the sellers' business.We would like to keep the seller as an independent jobber, selling products and leasing the equipment that he runs from his old clients, but may end up having to add him to the payroll in some sort of capacity, part time perhaps, which is not a problem, there are other employees there.

This does not mean that you have recourse in the evnt of default of the note, but you can also purchase with such a guarantee.What you're looking for is the borrower's capacity to pay.

It is exactly the same mentality of someone who refuses to get a job because they can live off entitlements, live off the tax payer, well the failure to serve in some capacity is the same thing as living off the blood of others who ensure our freedoms while the moochers refuse to participate in the cost of any such benefits.I doubt anyone on this site can tell me about forced service in the miliatry.

Sure it is, if you can set up an operation to run 500 deals through or with a capacity of say 750 deals consistently.

Property Characteristics: Gross Area: 3,381 Parking Type: Construction: WOOD Living Area: 2,949 Garage Area: Heat Type: FURNACE Tot Adj Area: Garage Capacity: Exterior wall: FRAME Above Grade: 2,949 Parking Spaces: Porch Type: OPEN SLAB Total Rooms: 14 Basement Area: 432 Patio Type: Bedrooms: 8 Finish Bsmnt Area: Pool: Bath(F/H): 5 / Basement Type: UNFINISHED Air Cond: Year Built / Eff: 1902 / 1924 Roof Type: Style: RANCH Fireplace: / Foundation: CONCRETE Quality: AVERAGE # of Stories: 1.00 Roof Material: COMPOSITION SHINGLE Condition: AVERAGE Other Improvements: Site Information: Zoning: BE Acres: 0.28 County Use: MULTI-UNITS(4-8) (1230) Flood Zone: X Lot Area: 12,068 State Use: Flood Panel: 0801031189F Lot Width/Depth: x Site Influence: Flood Panel Date: 12/19/2006 Res/Comm Units: 5 / Sewer Type: PUBLIC SERVICE Land Use: MULTI FAMILY 10 UNITS LESS Water Type: PUBLIC Tax Information: Total Value: $196,500 Assessed Year: 2010 Property Tax: $1,196.91 Land Value: $47,000 Improved %: 76% Tax Area: 2218 Improvement Value: $149,500 Tax Year: 2009 Tax Exemption: Total Taxable Value: Depending on what strategy I use to acquire the property will decide my exit strategy as far as financing.

I thought about getting a larger more powerful unit, but since we changed our windows and added R-30 to the attic, the last time our A/C ran, it kicked on and off every 7 minutes, so I guess the capacity is there.

Well there are always 2 sides to every story.People will almost always slant their position.Most problems come from not doing upfront work.When you work with anybody in any capacity EXPECTATIONS from both sides have to be set upfront.Once you have the talk the broker will tell the buyer if they are being unrealistic or they do not want to take on that business.Once misconception out there is that brokers/agents are a dime a dozen.CRAPPY brokers/agents are a dime a dozen just like CRAPPY buyers/investors.Great brokers/agents are in high demand and sought after just like serious and realistic buyers/investors.You can't expect a serious broker/agent to SHOTGUN a bunch of low-ball offers expecting to take a ton of their time to hit PAY DIRT for you on a long shot.So all l am saying is for every nightmare broker/agent story I have 2 investor ones.As far as properties I always list the property or lock it up to assign.Some investors are trustworthy but many will stab you in the back and just want the deal.In GA if a buyer or seller try to go around me I can lien the property and stop the whole transaction from happening.This is commercial only not residential.I always test the sellers upfront before I list it.I always explain commission and how they can cancel at anytime but If I bring the buyer they owe a commission and I WILL lien the property.If they are an HONEST seller they sign the listing agreement.If they are out to screw someone they will balk at it.Digging out true intentions from both parties upfront keeps people from entering into bad relationships.

Charles, I see this as him being a dealer in an active capacity and opening another business entity to acquire the inventory to sell in his active dealer status, as a sham transaction.