In may of 2007, A&E’s Flip This House was exposed as a fraud.

Simply supply your help with a calling list, a script to use on the phone, and a way to conveniently and accurately record the results of each phone call.

As I stated, there are a TON of investors, banks, appraisers, lenders who have been affected.90% of the strategies I see in e-books and coming from "gurus" non state specific are troublesome.Best,Jonathan

Could be a purveyor of 'dangerous breed' dogs, trying to drum up sales of guard dogs Or a security company trying to sell alarms Or kids pranking In any case, I'm sure we can all make a strong distinction between simple trespassing/banana theft and B&E in the middle of the night.

Please e-mail me off board regarding your goals......

I thought this odd since I sent it by e-mail and it looked fine to me but what really bothered me is that I sent this the evening before and marked it Expedited (and paid the $50) but wasn't notified of the "problem" until 12:43PM.

You have to define what we are talking about here.Average that I see is 30% Operating and Expenses,10% property management,10% vacancy.Every building is different and has it's own set of challenges.If someone self manages they can claim lower operating expenses with no management costs.Although the landlord does use up their time and energy which should have a monetary value to it.I tell landlords when I list their property that we have to count a property management fee in the numbers.If not a majority of the buyers will not be self managing and the numbers won't make sense to them.Otherwise we will be looking to sell to a small group who self manages.It depends on the size of the building as well.Many small buildings like a duplex or quad is self managed.Most larger buildings are not but there are a few.If you go over 50 units you can easily get a 5% property management fee but vacancy can generally run higher at 15% and with 30% O and E still puts you at 50%.I do see some buildings running at 60%.It's because the owners are underwater on the loans and have not maintained the property.They keep having to do patchwork repairs to get by and have high tenant turnover with rekey and reconditioning unit expenses which drives O and E above the 30% mark.If you factor rehab and going in and making changes and charging a slightly lower rent you can decrease tenant turnover and cute repairs to bring inline with the 50% total costs.You just have to look at what you can do with the property.The 50% is only a starting point.

It is an Scorp while my properties are held via LLC (single member) and using schedule E's.

So we are doing something else .However i cant seem to sell it in todays market and i really want to keep money or something moving I/E trade for other property or ?

If the buyer does not accept it, the real estate can now list a property as a "approved" short sale.