***** This project is now closed 06/18/07 **************I am looking for creative Real Estate Agents that can find me proeprties of 5 mil or more under the contditions describe below. - - - - Property should be free an clear.Property can be home, commercial or land.Owner must be willing to take payments for 60 months, then is paid off.Value of 5 mil or moreAlso,What is the current value and how was that determined?

We're handy and creative, but not expert, and while this will be a "part time" project, one or both of us can be on site for at least 6 hours a day most days.

However there is no central listing service in the country so finding these properties takes alot of creative research.

So the question remains, who will lend money for these creative investments to me (California) with no up front money to bring to the table?

They also have creative ways (not Sopranno's "creative" but financially "creative") of helping the tenants pay off the debt too.

Has anyone used this form of creative financing.

You would need articles of incorporation registered with the state, ccr's and bylaws.

Should I incorporate now so I can begin to deduct all these expenses?

there are several options here and i can speak from experience also, as i am still in the learning process with buying my first 2 family..... 1 you can get a conventional type loan, 2 you can get a commercial loan 3 you can go to a hard money lender (HML) 4 you can try some creative financing with the owner right now....

The terms are not comprehensive and we expect that additional terms [including reasonable warranties and representation,] will be incorporated into a formal agreement (the “Agreement”) to be negotiated.