Yeah I've listen to #70 a couple times and can't grasp how to make a subject to deal to work.  

Being so young, with such a healthy grasp on what you want to do, and having the support of your parents?

73% operating expenses is off the charts unless your friend is paying himself out a big salary and retirement etc.Age of the building and location will determine what CAP rate a buyer will pay among many other factors.If your friend owner finances a portion they may be able to extract a higher price.If they want a straight sale from a cash buyer the price will be lower.The scary part is your friend owns an 86 unit but does not know how to go about estimating value.I expect this with investors owning 4 to 10 units but not usually complexes that big.To purchase ones that big usually the owner has a very good grasp of cost and resale analysis.Investor buyers will look at value add with the property as well the current CAP rate going in and projected CAP rate later on.For an older building a 10% CAP is a good starting point to draw interest in many markets.That would put your friend at a sales price of 1,730,000 before resale costs.Really needs a commercial broker in the area that specializes in these types of property.

But if your strategy changes this is an important distinction to grasp.3.

It was very interesting to watch they grasp the concepts but not have to lose money in the market while they learn.John Corey

Sorry to say all of you are wrong this issue has been addressed with some top attorneys and you have to read the clause and fully understand what is written in the letter, A good attorney who has a good grasped of the English langue can fully understand what the letter is saying.

Take a look at this post and review the comments and you will get a full grasp of the pros and cons based upon the views of others [/url]http://www.biggerpockets.com/forums/55/topics/39235-new-member-from-phoenix-az?

Once I get a better grasp of the area, we'll start here.

Lucy, I had researched tax liens a few years ago and could never fully grasp them.

I'm looking to begin investing and then move to investing down south once I have a solid grasp