This house was on the market for 30 days @ 106k, 2 days ago they dropped it to 96k, the day after that I put my offer in, and at that point we found out there were multiple offers on the table.

Originally posted by @Christine Swaidan:@Mohit Madaan $20 Good, 20-25 is enough to bring food to the table :)

I understand I need to bring something to the table, and figure I have one of two options.

You need the numbers for sure, and I think a killer pitch will have some sort of extra stuff about why THIS deal, at THIS time, in THIS place, is awesome.And remember that if there's a good deal on the table, he's the one who should chase you.

If you want, you can collate these files into another "overview" excel file, do Pivot tables etc.

But lets put it all on the table and just consider what your buying.

I have a potential partner, someone with some cash to bring to the table and similar interests as far as REI.

The property is considered to be 60% debt-financed60% of the income generated by the property is looked at by the taxYou then apply 60% of normal deductions such as depreciation, interest payments on the note, etc. to offset the taxable income.There is also a $1000 exemption to UDFI that appliesThe net taxable amount is then run through the trust tax table and the tax due is paid by the IRA.With the $100K property example above, if it was producing 10% return, the tax bill would be around $175-$200/year, depending on what the expenses pencil out to.

I know near nothing about development except there are zoning things, contractors, builders, financing, and a time table.

@Edwin Barrientos Both of them bring someting direffent to the table.