Everybody started someplace, most people are understanding and respect you for your honesty.Good luck.

Also once you are at those higher levels it involves a lot of research study for the most part , making it not a very passive investment in many respects.

A mentor is an individual whose trust and respect you’ve earned with your deeds, and who wants to help you succeed because they thinks you are worthy – that’s it.

(No financial affiliation, I just know, like and respect him)In addition, he'll be speaking on exactly that topic on April 16 at Black Diamond (website in signature) at our Worcester meeting, so you can meet and speak with him then.Connect with a local landlord assn, whichever is more convenient for you, and you'll have lots of resources going forward

Respectable Hard money lenders like yourself (and others who posted in this thread) are helping us do that so its a win-win for everyone involved.

With respect to the disrespectful Mr.

That really refers to "Lien Theory" or "Deed Theory" with respect to how the lien is perfected.

I think what John said was perfect, as long as you are truly serious and willing to do and learn as much as you can, people will respect that.

There is a deed which grants ownership as I described and a Co-Ownership Agreement that says they get the upstairs and we get the down stairs and defines some general obligations.The agreement was drafted in the 80's for our respective parents.The language is vague and poorly written for it's intended use.With regards to FMV of the rents paid to the LLC, I have no idea how they are substantiating the claim.I am very interested in your assertion that the existing form of ownership would not qualify for a 1031.

I should also mention that he is a bit older - which could come into play with respect to how he plans to treat the investment.