I was researching the tax info on a property and it has a Property Code of LA - Letters of Administration.

What does that mean and does that indicate how the owner obtained the property?

If you are still employed with the company...you have to check with the plan administrator to see if you allowed to do what is called an "in service" distribution.

I have been investing in real estate for just under five years, and every purchase I make pains me to pay the realtor fees when I find the house or muli-unit property, I submit the purchase price, and I do my market research.

My experience with it was so psychologically painful that I didn't care about the money.

Read this Bernanke presentation carefully - it is about as precise as any study I've ever read.My belief about the money supply (M2/M3, not M0 and generally not M1) is probably as close as any, but the DEFLATION caused the most pain in the contraction phase (we're in that now and gaining momentum) - it FELL 30 percent, rather similar to today's RE/Fuel/Machinery pricing trends.

Thanks for listening.Some quotes I live my life by:"Impossible is nothing""Pain is weakness leaving the body""If you don't like the program you're living, you're free to change the channel"

The commission may impose a civil penalty of no more than five thousand dollars upon any unlicensed person who, after a hearing or informal resolution in accordance with all provisions of this Chapter and the Administrative Procedure Act, is found to have engaged in real estate activity without the benefit of a currently valid license having been issued by the commission pursuant to the provisions of this Chapter.

Interesting.Trying to determine a cause for this crisis by looking at policies put into place during the Clinton/AG years completely misses the point, the Banks lent money to those who couldn't possible afford it, sold unregulated securities to people who didn't understand them rated triple A by the corrupt rating agencies, the SEC lifted the limits on leverage the financial institutions could use on the balance sheets and slept through their roles a system guardians, ALL of this occurring in the last 8 years under Republican leadership and allowing the financial community to almost destroy our economy, whilebeing touted by the past administration as years of positive growth, unbelievable!

There is no doubt that loaning money to a company then stepping in and firing the CEO does not make a very secure foundation to be able to build any stability upon.That move alone has made it improbable that many investors will trust this administration.

If you take a long-term view of rentals and expect pain and negative cash flow for a while, then this is the best time I have seen to get in the game, the expected appreciation curve in the coming years has a steep grade and capital gains are there in the future, but pain is ahead in the short term and you must expect that, and do a lot of work, as much as possible, yourself.