You are in a position too to do the briks and mortor and to get your feet wet in another aspect of real estate, buying notes or making small short term loans.

Pricing a home to sell is a very important aspect, since waiting on the market means you continue paying the mortgage interest, taxes and insurance.

does anybody have a list of all encompassing 'rules"i have new tennants ( a young couple 23years old) 2 months now they have paid early and all was well i thought,,,, i called them to say i was comming over to trimm a tree out frontit appears they had a new years party and i found numerous cigrette butts on the ground out front and a half smoked jointthis really pissed me off and i told them if i ever found any evidence of drug use again i would evict them this is not a party house it is a quiet residential neighborhood full of families the last thing they want to see is young 20 somethings out front smoking and drinkingi just got a simple free rental agreement off the internet and it does not mention any thing about smoking or drinking but their rental application said no smoking and they swear they made their friends smoke out side because they dont like it and they did not know who was out front smoking pot on newyears (yeah right)i guess i need to hit them with a detailed list of the rules,, i dont want a thrashed party house ,, we spent a lot of $ making the place nice :cry: :cry:

If you have no knowledge of the industry, the legal, economic and financial aspects of real estate you'll never make as much as you could have.

If you lose your job, or quit, you have 30 days to find a new one or leave the country.Not saying it's not a great country (I've heard lots of good things) or that there aren't good aspects of the economy and political system, but it's well known that a major part of the reason the economy is so good there, and the reason there is so much new construction is that a decent percentage of the workforce are practically enslaved laborers brought into the country as indentured servants (given a little bit of money and then being forced to spend decades working for pennies to pay off their debts).There are several disturbing documentaries about Dubai worker exploitation and some very prominent human rights groups focused on Dubai these days.Here's a summary:http://en.wikipedia.org/wiki/Human_rights_in_Dubai

Thanks for the great responses Scott and Joel - however I think I failed to articulate my question sufficiently enough.One of the important aspects that my investing partner and I look into with any new city is essentially where are all the jobs located?

If you could explain your situation more that would help with options for the financing aspect.

Not to mention the legality aspects and licensing that you are overlooking.

He's a really good guy with lots of experience and great references just not to bright in the business management aspect.

My main goal with acquisitions mainly focuses on the commercial aspect.