I specialize in bookkeeping and cloud back office systems for real estate investment companies.

Cap rate has been a quick way to take the temperature on my ROI of the my funds in the purchase and it's return as an investment, without clouding it with all the other moving parts.At the same time, cash-on-cash interests me less, as mine isn't particularly impressive.

I'm trying to purchase a property that seems to have a clouded title.

It seems like sellers prices are still in the clouds but buyers are at the ground... if a deal wants to happen it sure seems like the clouds will have to now come down to the ground unlike the past couple of years.  

It seems that there are not very many active BP members in the Saint Cloud, Minnesota area.

Cloud, Minnesota.

I totally missed the Sales [& Use] Tax piece the first time.I agree you'll probably never see it or at least not until the cloud is discovered on title when he tries to sell the building.Perhaps they will reduce for immediate payment if he can demonstrate hardship.

If they're titled in your personal name... poof, they're gone.And if they can’t find an “ambulance chaser” to take their case, there are various free legal assistance organizations available that can help also.

The ambulance chasers of the profession will use this as so many slip and fall claims.

Hi Ken,There are probably agreements you could execute with the wholesaler that might protect your interests, but in order for them to offer you any real protection they'd need to cloud title, which is something neither the seller nor the buyer would want.