List price is a function of the Realtor and seller and sometimes has nothing to do with what a prospective buyer will pay (nor what an appraiser would value the property at).As a buyer, I always look at all of the numbers to come up with a value and then I offer less than that.

Just a reminder that tomorrow's meeting is in Waltham, not in Worcester, Massachusetts. This will be the only event this month, details here.

Tuesday November 19, 2013

6PM Networking

6:30PM Progr...

I've read some of the other posts about creative financing, could this technically fall under the category of "partnership"?

I believe this is addressed in How to Use Limited Liability Companies & Limited Partnerships by Garrett Sutton.It depends on what you want to do, but the S-Corp can pay health care benefits, etc. and hire you and your family as employees, with benefits, etc.

Also you can buy a $80,000 policy with a repair cost or a functional modified replacement cost policy just not through American Family.

To me, it's either institutional, meaning a structured business entity or bank or regulated entity, or it's private, from a non-structured person or entity that has its primary purpose being other than a lending.Ted, you might consider a partnership arrangement with owners trying to sell a property that needs repairs and share the upside, no money needed in some case and you may only need to cover the costs of materials.

A good example of this might be a seller leaving the area, selling at a stated value with the agreement of receiving their money in a few months.As to brokers or those using other people's money, this can fall in the partnership arrangement above.

I spoke with a lawyer a few weeks ago and instead of an LLC, she suggested setting up a Limited Partnership where I would be a LP and the General Partner would be an S corp that I am Director of.

Anyway we could get this @Joshua Dorkin ? I'm at work right now and can't do much research due to many external sites being blocked (thank god BP isn't!) otherwise I would have suggestions lined up for ya. Plus I...

"Clean and Functional" FinishAn interesting observation is that people are either excited about the property or they complain about everything / don't even stop for the showing.