I would then immediately flip the property and pay off the note.PROS:- The note is an 80% loan-to-value- there is a 10% interest rate on the note- I have excellent credit- a sum of cash would be offered to the new owner of the note as an incentive- an early payoff penalty would be in place on the noteCONS:- there is no payment history since the note creation and trade will take place almost simultaneously- there was no down payment paid to the seller of the houseAre there any firms that would accept a note like this?

But, since 100% of the guru type trusts out there have the authorization for the trustee to do what a trustee must do in the trust creation document, they can be required by anyone who is in any kind of transaction with the trustee.

You should probably also get a good book on LLC creation, so that you can speak the language (NOLO).

I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?

Or are you merely saying that your own net worth creation will cross an inflection point once your bills are taken care of?

Corey: I suggest you read "The creature from Jekyll Island" about the creation of the Fed.

Value creation is what translates to profit creation.

Please take into consideration creation of an LLC ($500).2.

I am have been really impressed with how willing everyone is to share info and help each other (Brandon-I love the video tutorial on the wix website creation).

In Colorado, there are additional responsibilities, such as reports that must be made available to the public and filed with the state.Lastly, you will forever be associated with the creation of this monster.