The wealth of information out there is daunting and rather overwhelming, so we have chosen to focus our efforts in the wholesale arena to get started - makes the most sense for us at this time.With that said, we have found a motivated seller and are exploring options.

Beacon is a great market to be in (which is why cap rates are so low and cash buyers are plentiful) but I see much more value in properly chosen areas of Newburgh.

However, I have a feeling that I have chosen a wrong time to get into this business.As a start-up with have very limited resources (I can afford to $170,000.00 in TOTAL project costs*, may be $200,000.00 if I stretch myself too thin and take the extra risks with no reserve capital left for any unpredictable, unknown and adverse occurrences) .

Not a lot of companies out there would steal your money just make sure to ask questions and make sure you are comfortable with the one you have chosen.

In each case, the financing fell through for the initial buyer and we were chosen to pick up the deal.

No, you aren’t going to get rich off your part time job, but at least make more than minimum wage.When you graduate you will make a good salary in your chosen field and then you will have more access to borrowed funds (i.e. mortgages).

Why have the builder chosen, instead, to raise finance by getting the individual investors to own the units?

In the words of Hyman Roth to Michael Corleone in Godfather II "This is the business we have chosen".

If they don't respond adequately prior to hiring them as a property manager or RE agent then they won't work once you have chosen them to represent you and protect your investment.  

Multiple people with direct knowledge of the discussions confirmed that the Superman building is in the mix for PayPal, but they also emphasized that the company has not chosen Rhode Island yet and cautioned that its executives have scouted a number of potential locations around the state."