Hi guys,I tried to look for an answer through the search but could not find one.Here is the scenario.We are family members.We have a total combined equity of 100KWe are looking to buy Apt buildings 20 or more units per Apt complex.2 of the members have excellent credit1 of the members has poor credit but good equity( which we may need to use for down payment).How do I set up a company in order to protect everyone?

Seasoned real estate brokers state few people have excellent credit while operating in a tighter lending environment.

Excel has the functions built-in.

I whipped up a quick and simple Excel worksheet to help me work through various scenarios of how to make an apartment building have a positive cashflow.

$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

This sounds like an excellent opportunity for you.

Since the buyers are often "unsophisticated" financially this is probably their only bet.This leaves an excellent opening for you.

An excellent source is (doityourself dot com) which has forums like biggerpockets broken down into 200 or so sub-categories.

Excellent, thanks.I was thinking that the "asking price" was just a starting point, and then the bids were just a shot in the dark by the investors.

His reaction to that statement told me everything I needed to know.Today I use the mortgage calculator function on my Excel program to do the same thing.