This being my first real commercial buyer consultation I was hoping you all could give me some advice how to prepare for the meeting, questions to ask, etc.

By having a solid cash flow from real estate investments, should that ever happen you will be prepared and not even miss the loss of the retired pay.

Active businesses are subject to UBIT - Unrelated Business Income Tax.As to cashing out the IRA and investing it with you, the first question would be are you prepared to make good on your promised returns to father's retirement no matter what?

What are some things I should be prepared for If a real estate agent contacts me with a buyer?

My comment was only saying getting a calculator and reading all the old "note" books wasn't going to prepare someone nowdays.It wasn't intended to single you out at all!

They told you to use the deposit to cover the rent, so you will be seeking a judgment for the damages that they caused, after they have moved.You may not have posted much lately, but I suggest you spend more time reading the BP forums to be better prepared for the next round of tenants.

I got this info from a book titled "Steps to financial Freedom through Real Estate Investinf"By [REMOVED]Do I prepare a separate purchase agreement for the seller and buyer?

Once we decide which contractor to use we will have him prepare an estimate for him and his subs, who will manage the construction.

I am personally attracted to partners who are very creative, positive, and the ability to resolve problems.

John Ferrara, while it may sound (and even be) complex, your accountant has suggested this for a reason: it will allow him to properly allocate income and expenses in order to prepare your returns for the various entities.