The property was in the New York area, the investor was all but bankrupt at the time to boot so he couldn't really buy it anyway, but still he obsessed and everyone bet against him after finally giving up on trying to stop him.That investor was Donald Trump, and that deal, the impossible sure looser deal, is what brought him from the ashes, wrote books, made him famous, and launched the multi billion brand Trump.I would say the most dangerous thing in this world is a psychic pessimist; once computers in the home was impossible and now we carry them in our pockets, history is made by those who do the impossible, even in real estate. 

The devil is in the details as much as the fun is in the creation of deals and the hustle to find them. 

LA went crazy .. people asking 600k for a money loosing proposition in South LA for a 1b  three-four-plex with GRM of 12-13 ... and get em sold .. either I am not getting something or we are seeing creation of yet another bubble created by wide eyed speculating idiotsPlease, put me on your list of buyers for your wholesaling in SB.Kind Regards,Leonid

Hi @Bernard McRae, You'll find that most jurisdictions won't allow the creation of new mobile home parks.

I will never cower before any master nor bend to any threat.It is my heritage to stand erect, proud and unafraid; to think and act for myself, enjoy the benefit of my creations and to face the world boldly and say, “This I have done.â€Thanks!!!

Yes the listing broker can refuse to present in my state if the seller has given them instruction not to do so in writing.You better have it written into the listing agreement or the sellers can change their mind on what they said verbally and throw you down the river.On the buyers broker side it might come down to representation.Since no broker agreement was signed with the buyer than that buyer is simply a customer and the buyer broker doesn't have a fiduciary duty to the buyer as a client just a customer performing ministerial acts.I don't know why everyone gets worked up on broker/agents.Just like investors rehabbing or buying properties is their business so is closing sales for a broker/agent.The broker/agent needs to decide what kind of business they want for the time invested.If a buyer broker is worried about time and low fees make the investor buyer sign a brokerage agreement with language that there will be a minimum commission of X on all transactions and the buyer will make up any difference in commission at closing that the seller is not paying from the guaranteed minimum amount.Running a business as a broker/agent involves knowing what you spend and what you get in return.Shotgunning low ball offers all over creation KNOWING only a small fraction gets accepted is not an efficient business practice.

Here is the crux of what I am trying to accomplish. I am an investor with a cash glut. I am mainly interested in affordable housing in, and around, the Philadelphia, PA market. I have 2 primary goals.....first, partne...

NY also has some interesting LLC creation rules - like having to announce in the local paper.

There are alternatives to full time Property Managers some just charge per lease creation, meaning that if you have a tenant in your property with an active lease your not paying additional fees.

We have been hearing a single entity LLC with no creation of EIN.