LOL, l was suprised when he asked me this question but l thought hey great idea..if you find usable items to sell on CL or ebay...but he actually fills a container and ships to Africa for sale

Another words 2012 tax year should contain passive loss from 2011, 2010, 2009, etc?

Agree with all of this for our market, especially the lack of anything decent coming from wholesalers  Our last 5 deals - 2 were MLS the other 3 direct contact with the owners  We are only focused on one neighborhood that contains 3,000 homes and have come to be experts in that market.  

::Math End::3) Terms are usually between 9-12mths4) Interest Rates are usually between 9-16% and depend on the overall asset and related risk assessment5) Points usually range between 2-6% and again depend on the overall asset and related risk assessment6) Attorney to prepare related lending documents (Note, Mortgage, etc.)7) All properties should be Non-Owner Occupied only8) Your documents should contain verbiage related to extensions, defaults, escrows and so forth9) On a rehab project, you typically want to have an Escrow Account for the rehab funds which are released in proportion to the work completed which is verified through Draw Inspections.

Even though we've gone over it when they signed the lease, most tenants have no idea where their lease is, have never looked at it since it was signed, and tend to imagine that it does, or doesn't, contain whatever suits their situation.

If you can get title insurance then you can provide a warranty deed so long as your policy doesn't contain exceptions concerning your quit claim deed.

I have a meeting today with the 2 partners and the bank regarding financing for a Model unit and Spec unit.All of this new business with the bank will be done under a different entity, owned by 2 other partners that will be doing the construction, but the land will remain in the name of the trust which contains all of the partners.Due to the amount of time that has gone by there is just no way the land development can make any profit.

I can't see any one book, much less a guru book, provide anything near the educational materials contained in obtaining the CCIM designation.The CCIM isn't a license it's a designation, you need a RE license to conduct commercial transactions.

It contains a lot of things you'll need to start thinking about and touches on some of the things you should be doing: link to the post.Have you already joined a broker?

Additionally, Investment Properties B would lease the Capital Assets of Investment Company A in the name of Investment Properties B, thus therefore putting more of the risk with the Property Management LLC and less risk on the actual Capital Assets contained in the LLC created for holding all properties.I am concerned with the costs and management of forming different LLCs for each property in California, as California does have the $800 minimum tax.