I run a REIA. so I am lucky to have many investors and recently had a national notes speaker.

Hello BP nation-These folks have been emailing information touting turnkey real estate all over the south and Midwest with a 200 to 400% ROI.

@Ryan L.I live in Southern Cal and coach Real Estate Investors nationally.A "Letter of Intent to Lease or Purchase" is how I train others to acquire properties.Then have a lawyer prepare all the docs.Finding a lawyer that "works for you well as a real estate investor" is not easy.Try  your REIA in Berkeley.http://www.biggerpockets.com/rei/real-estate-clubs...http://www.biggerpockets.com/rei/california-real-e...Antelope Valley Real Estate Investors Association (AVREIA) – link BAWB – Bay Area Wealth Builders Association – link Bay Area Private Money Lenders Group – link Elk Grove REIA – link High Desert Real Estate Investors Network – link Inland Empire Investors Forum – link InvestCLUB for Women – Orange Count – link Investors Resource Center of America, Los Angeles – link Mt.

Hello BP nation, I need some advice about selling a free and clear condo that is currently listed for 140k which is about 20k below fmr because of some deferred maintenance. 

The national seminar companies often teach tactics which worked for them in specific markets.Here's my PerspectiveI close about 20 deals per month between Chicago, Florida, & Philadelphia and some of the highest performing people I meet in the industry ( & do business with) often tell the tale of investing large sums of cash in high priced & low priced local seminars.  

As a member of an LLC making a profit, your friend will have a duty to report and pay taxes on the profit and must have an ITIN (the equivalent of a social security number) in order to do so.The LLC will also need to withhold 25% of the profits before remitting them offshore, which your friend would then report as a payment on his behalf when filing his tax return.I just helped an Australian national set up this exact same situation and am working to set up a system for Chinese nationals to do the same.  

Job growth exceeds the nation here, and businesses are moving here, which drives rents.  

Do you have a particular area or state you are looking to purchase or will you buy nation wide??

http://www.latimes.com/business/la-fi-costa-hawkin...It will likely ruin the economy in long run but they don't care the politicians want votes.This Tenants Together group is sponsored nationally -National Housing Law Project- They are pushing for rent controls all over the country even though most economists know it's bad for local communities.http://www.tenantstogether.org/campaigns/rent-cont...

I normally insured homes for  $83 a sqft but I was a national agent that wrote for over 35 states, so i had to have a basic guideline.The main thing I really suggest is to just ask the agent your questions and voice your concerns, if you feel comfortable with the answers than that's all that matters because ultimately you are paying for peace of mind.As far as deductible goes, that's a personal choice.