The may be specific laws in your area that contravene these basic legal concepts.

I think the smallest investor can grasp the concept of properly allocating costs and expenses that will enable them to speak of such issues in the proper context with thier banker, accountant, attorney, financial investors, appraisers and others in business.Sorry this turned into a rant, but I disagree with the dumbing down of accepted terminology for new RE types just to simplify something where anyone with an IQ of 95 should be able to grasp the more correct and accepted term.Yes, I'm a finance/accounting type. :)

The more comfy you get with the concepts and the language used by investors- the easier it will all be for you!

I love the layout and style, it makes it ridiculously easy to visualize the concepts within.Thom H.It's good to be here, thanks for the input.

Nothing stopping us from using the concepts to manage ourselves and any employees we do have.

@Engelo RumoraWhen I first started contributing to the AU forums.. investors only talked about Gross rental income with no concept of net.. that was hard for a US investor to understand as we all focus on Net.

Get it occupied with a tenant and then once you've proven your concept and capacity to execute your plan, you are ready to talk to banks about what you are doing and how you want to scale it.Go to www.memphisinvest.com and give them your name and email address and you will get access to Chris Clothier's "How to prepare a bank book" video that will set you up for success when you walk in the door head and shoulders above others looking to do business with banks.

Many agents don't understand the concept of assigning contracts and are afraid to use anything other than their own standard forms and contracts.

One of the things I spent a lot of time studying and focusing on in my undergraduate studies was sustainability and sustainable development, so I would be ecstatic if I found someone to work which would allow me to incorporate sustainable concepts into finished product.I live in Ventua County (Thousand Oaks) but regularly make the trek into LA for business.

Using the snowball concept that you are already familiar with (I love Dave Ramsey), the payments you were making to the CC and car loan would give you 492/month to put toward the acceleration of paying off the college loan.Step 4.