I've been disappointed with Sterling Trust recently but it only cost me about $500 to set up for my initial purchase and $300 per year to maintain 2 accounts.

As to the initial posters' question and from one that really feels I had a chance to create 1B in wealth, I don't honestly believe you can now do that only on real estate.

The only thing that I would add is the following and maybe this will clear up a few things for the initial questionaire Chris J:1.

I used worst-case numbers in my analysis and with those numbers it doesn't look great, but it looks reasonably 'safe'.Using the upper end of the range for rents and comps makes this look like a rather good deal, I think.I'd like to get into the property, get a tenant, and then refi my initial investment back out so that I can repeat the process.

In order to qualify for initial talks:Must own investment real estate and have bought/sold it in the past.

I'm wrapping two underlying loans totaling 175K....my equity on top is 70K...the interest is 6.5%....I was initially going to carry 3 yrs now thought of 30 yrs for the income....but after coming on this forum this week thought I should rethink this.

This helps when analyzing the deal initially.

The $1051 they stated includes the taxes (which I verified, and what they stated is accurate), the water and gas, insurance (they're stated wasn't far off from my quote), maintenance, and reserves.They claimed 99% occupancy over the past five years.

When offers come in, a lot of these banks want to see the offer be within 5-10% of that initial opinion of the broker.

Capital Expenses - initially, when you acquire a park, you can do all the immediate improvements to the park, but you should have a line item in your expenses allocated for future capital expenses.