.$2,250 x 12 months = $27,000 / $45,000 = 60% ROI . . .even discounted back that's still a STELLAR ROI.

I've written a detailed response to this in the past....but here is the summary.a) You can't..........unless.....b) You have an LLC that has a ton of history and a stellar balance sheet.Why do you want to do this anyway?

I am guessing that if you don't have a job it may not be stellar.

And for the record since divorce/bankruptcy my credit has been stellar...

Nationwide,You're right, 15%COC isn't anyting to jump at, but combined with the overall appreciation of the buildings and stellar IRR, 15% COC is just a nice added benefit.I remember you asking about how we're able to cash flow at Cap Rates in the 5-6% range.

Banks will look at all credit scores that are involved but your business plan, ability to purchase good deals with low LTV ratio's and the fact that the other members have stellar credit will all be looked at and also taken into consideration.The idea of having a few "senior partners" with more share in the company can be done, so long as the other "non senior partner" agrees with the terms.Which ever way you choose to go, you MUST have an iron clad operating agreement written up by a competant attorney.

Yes, I've gotten a couple, but nothing stellar.

If I were you I would go out and buy a property, don't buy the first thing you look at (well unless its a stellar deal), but do your due diligence and purchase something.

The numbers look ok, nothing stellar at $100/door/month.

For me its all I know .. coming up in the mid 70s 10 bucks an hour was a stellar job..