I would also give some to charity, but that's just me.The typical cap rate in Boston is around 4.5% right now, so making 8-10% in this market is tough unless you partner with somebody who absolutely knows what they are doing. 

I want to organize and host big, fancy charity balls with $10,000 VIP tables & a red carpet where CEOs take pictures with the big check their companies donated to (insert NPO). 

What percentage of your gross yearly income  do you donate to charity?

@Christian Martinez Hi there, I'm just starting out just like u and I agree with all of the above, to break it down, this us what I have made a habit of doing for 3 months now to prepare myself and to begin heading in the direction I want to go: 1: calm urself down and write a simple plan of what u want to do (ie- buy 1st REI in 6 months - 1 year.)2: write out what u need to do to achieve this (ie- start saving, educate urself, build a network if likeminded people around u, look for contacts and info in ur area)3: finances- pay urself first, have 3 accounts: SAVINGS & INVESTING, EXPENSES, CASHFLOW, put 10% for savings and 10% for investing into ur S & I acc, if u tithe 10% to ur church or charity and any expenses in ur expenses acc for any auto payments coming outer to set aside weekly amounts for any monthly payments...reasons for all this is to create a habit, to show on ur financial statement discipline and consistent records of managing ur finances and so u have money for investing.

But his charity has come to a bitter end.

Kelly never buy into the sales trap of an investor telling you to take a small fee today for the chance at a higher return on the back end.The back end payoffs are great but you need to MAXIMIZE return today just like the investor is doing on their property.A broker/agent has a business to run and not a charity.

If you defaulted on this stuff do expect some help but don't expect charity.

So I thought what the heck lets give someone a break .. donate some to charity .. and hopefully someone much more tech savvy than me can actually post pictures on BP to chrincle the work in detail, that's part of the deal detailed posts on BP

I was stopped and reminded that the "association" does not donate to charity, they have a responsibility to keep the place running.

Charity is great, but I think this potential buyer would be in over his head anyway, and it'd probably fall apart in the end, even if he DID manage to actually close.