I will definately review my options.

So yes most all clubs charge a fee for "Membership" That is what is defined as "Just attending meetings.

Although I wouldn't own the home, I could at least learn the buisness with my risk already defined.

Please let me know if I am missing anything obvious or any recommendations to define the list.Pre-foreclosure list-2022Geography: City: BloomfieldMortgage: combined mortgage LTV- 0-60%Property: SFROptions: Absentee owner/owner-occupiedOptions: Exclude corporate ownedOptions: both mailing and propertyMy goal is to reach to motivated sellers with some equity within the property.

Hi Jacob,Then you need to define what monthly cash flow today is acceptable based off the 100k.Clients contact me and say they eventually want 20k a month coming in after expenses but have 300k to put down.

Define those, then back into the number of properties you need to accomplish those goals.Do you want to use leverage?

After so many of you have helped me clarify my motives and define exactly what I should do to safely invest under sub2, I am curious about one more thing before I get started.

The IRR is an annual return which is comprised of the annual cash flows (9-10% per year) plus two equity components, debt pay-down and appreciation.

Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.

But then UBIT may not apply on rental component of the income.