That is the way partnerships usually work.You absolutely need to talk to an attorney licensed in the state where the partnership or property is located as state law varies a lot from one state to the other, and sometimes even from judge to judge, so knowing the predeliction of the local bench may be helpful.

So the pot can still be invested in the market and grow as if it were in an IRA.

The plaintiff attorney has his eye on the big pot of insurance cash rather than trying to wring a few bucks from the owner's often rather slim pockets so he's going to add in claims for negligence and injury (doesn't always work but it never hurts to try).Most of the big stuff is covered though.

When you are young your equity pot is generally smaller and thus it needs to work harder to get bigger.

Real estate is kind of like playing poker, except we get to stack the deck in our favor, look at the dealer's hand, only place our bets when we are almost 100% sure we are going to win, decide how much of the pot we want to take, and there isn't a ante to sit at the table and not play for a few hands.

i'd make him kick his full commission that he gets after splitting with the broker into the profit pot to split--especially on the buy side...youdon't want him to screw you and take his commission from the purchase..don't let him take a dime until you sell the property is my advice..i'd also see if he could come to the table with a few bucks as well..

That high pricing seemed like east bench pricing.

@Scott Wagoner, yep, I think the guru train came through and told everyone that wholesaling is the only way to get started in REI.Firstly, as much as I'd like the notoriety, attention and boost in my forum stats that @Brandon Sturgill received after his post, I'm not going to stir the pot quite so aggressively:)  BUT, with the number of them flooding this particular market, it's important to re-evaluate strategy in order to maintain deal flow.  

I've had to buy bedspreads for all of my beds 3 times this summer, have had a half dozen towels get stained, an electric tea pot get melted, the furniture gets damaged, etc.  

A wrap can trigger this clause and turn your pot of gold into mud.K.I.S.S.