It is the team you build, particularly the property manager as they can make or brake your business.

Many seem to have some sort of mental "braking-mechanism" that stops them from doing the very thing they need in order to succeed: ASKING.If you want help, asking is the thing that triggers helping hands to take action.

Earlier this year I posted about another deal that didn't fly and why I viewed it as a success. This time the story is a little different but a success just the same.

Last time around we went under contract ...

Getting nicks a bruises can happen to anybody in this business, experience is what keeps you from braking a leg.

The latest incident was him complaining about his neighbors brakes squeeking when he's parking at night.

At 1% if you are financing < 15 years with no property management and vacancy of 3%, its a looser at best it brakes even otherwise it is subsidizing someone to live there.

My E&O coverage does not cover me for a lease option deal.This all came about because the attroney general of Texas was getting so many complaints regarding contract-for-deed transactions.The legislature put the brakes on lease options along with contract-for-deeds.Chris is correct,Title must transfer to the buyer in 180 days from date of contract.If not, you are left open to possible DPTA violation.

Almost everyone here is RE Investors, which we can get a lot of tax brakes and save us a lot of money.

Since it is your Brother, we will assume you will not incur management, administrative, eviction, legal, etc, but even without all of that, you will have the taxes, insurance and when things brake, repairs.

Mgmt companies can make or brake deals.