How ARE they surviving with the business so soft and no sales lately?

I am glad you survived and can continue.John CoreyOriginally posted by "BlueStarHomes":I strongly agree with RoyalT.

Without it you cannot obtain your Key Objective: GETTING A PROSPECT TO CALL YOU.Today’s competitive market has home sellers bombarded with many offers from Realtors, lenders and investors, so you must use every resource available in order to survive.

It does not survive the sale.Anyone residing in the property is the responsibility of the new owner.

If you want to believe Keynesian economics as the country becomes poorer and poorer be my guest. 70% of our GDP is consumption not production, we are surviving on the buy-outs by foreign investments of U.S assets, and the injection of capital into the country is from the outside.

Make sure that you understand the worst case scenario and feel comfortable to "survive" even under those circumstances.Explore if a smaller property or less costly property would make you more comfortable?

In 2009-2010 we will see the peak of this unfold befor are verry eyes the wores will come at that time change is unevitable,survival isnt.

Dan,It sounds like your friend approached you and is already willing and able to invest with you, so I am not sure an "initial letter" is needed here.The most important part is your operating agreement if you choose to form an entity in which you both are 50% partners or a well written joint venture agreement if you use your own entities as partnerships.These contracts/documents should stipulate all teh duties of each party, death survival verbiage, insurance, and all details of the deal process.

The might tiny oak survived the summer, and when I do any spraying next year, I'll bring an old bushel basket along to cover up any small plants before I hit the area.This was just in my own yard.

(On a positive note, I did survive that rough patch in my life and I'm much better now.)