So, Will Barnard suggests using a trust for wholesale transactions in the BP summit audio.

And if you fall for the "starter home, move up home, mini-mansion" strategy, transaction costs will kill you.

If a tenant makes a repair will it be safe and high quality repair?

The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

I would just make sure that it's as safe as you can reasonably make it and then leave it at that.

Or, keep the principle secret, you buy in a double closing style transaction.

In some towns, for example in Maywood, the Village has the right before any property transaction to inspect a property for deficiencies and require that the buyer put up a bond and a guarantee and all that jazz, to fix those problems with in a few months of the closing.

So we feel pretty safe.

.- Live somewhere you will enjoy, feel safe, and your neighbors won't be horrible quality (i.e. sacrifice a little money and returns to be happy and safe).- If you want to be really slick and know if the property is a good deal, pretend you are renting out both sides and calculate your cap rate and cash-on-cash return.

From there you'll know how to move on to wholesale transactions, just don't start with guru stuff.