The question is, does the advisor really have the experience, knowledge and legal capacity to advise the public?

Yeah, he likely would have lost, but if there was any sincerity in his remarks, I give him some credit...He said:"[I do] not love Congress [and that the body] is not operating as it should....It may be shocking that someone in public office would actually decide to voluntarily step down, but I reached a conclusion that if I could help to create jobs by growing a business, or help educate our children in a university or college, or help a philanthropy or charity, I would be getting more done to help people in their daily lives than Congress is currently doing."

And, there is only one way to prove what a property is worth, that's by selling it, where the buyer and seller have basically equal knowledge, without either party having an undue advantage and conducted at arms length, where the property sold has had sufficient marketing time to the public, and where the value exchanged is in cash or it's equivelant, with good and merchantable title is given free and clear of encumbrances or liens.

And all of this information is public.

Not that Curt can't help you privately also, but asking your questions publicly will allow scrutiny of the answers by multiple experienced wholesalers and will allow others to learn from your questions and the answers that come to you.

I can defend George W. as a well meaning person without public speaking skills.

I know of one who has claimed he was worth 22 million dollars and sells training here...and hasn't donated a dime.You can't tell me that these guys are worth anything near what they say they are and can't match a small investor like myself, Rich and Chevis the Plumber.I don't know Rich....do we start scanning profiles to see who's advertising that they can make people rich and start publicly naming names?

These exemptions apply to corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.†Don’t see that one working myself...REITThis one I am very interested in but to qualify as a REIT it has to follow these basic rules1, Be an entity that is taxable as a corporation2, Be managed by a board of directors or trustees3, Have shares that are fully transferable4, Have a minimum of 100 shareholders5, Have no more than 50 percent of its shares held by five or fewerindividuals during the last half of the taxable year6, Invest at least 75 percent of its total assets in real estate assets7, Derive at least 75 percent of its gross Income from rents from realestate property or interest on mortgages on real property8, Have no more than 20 percent of its assets consist of stocks in taxable REIT subsidiaries9, Pay annually at least 90 percent of its taxable Income in the form ofshareholder dividendsBut the benefits are that a REIT PaysNO CAPITAL GAINS TAX.

In NJ you need to hire an attorney to draft a Public Offering Statement which will consist of engineering statements, architectural drawings, proposed Budget of Operation and Management Contract etc.

Part of the "drifting" effect will be Congress' ongoing need to participate in all financial issues (and we thought the hearings on use of steroids in baseball were a waste) and to place demands on Obama's team to provide some form of "proof" that the benefits of public spending justify the costs.