If you have had these properties for many years, then a 1031 might make sense, but then you have the ownership issue to deal with; 1031 exchange rules basically require the owner of the replacement property to be the same as the owner of the relinquished property.

These aspects are covered in basic RE business considerations, often missed as investors don't start out understanding the bigger picture of social and economic factors that effect properties or areas.Biggest thing is to keep marketability in mind at all times.

Basically breaks down to $.50 per sq ft per month.Location and price doesn't matter.

Start checking out the site, begin with the basics in RE and then to the niche strategies.

Basically my family and I are taking a "gap year" to decide what to do in the future as far as our profession.

So, I have a hard time understanding how it works with investors, I mean, what is the basic steps to pay them/pay them back ?

So the book basically turns that way of thinking on it's head.

I would be so grateful, nothing extra just the basic agreement to purchase, escape clause, assigntment of contract, and/or lead paint disclosure.

Jeffrey if your agent doesn't understand the basic mathematical formulas that come with analyzing properties of this type than frankly you might want to look for another broker/agent that does.A local broker that is experienced if they know that 7 caps are asking price and with negotiation you get them to 8 caps and 10 caps do not exist in your area due to buyer demand then that broker/agent will try to reset your expectations, look in a different area where that can be found, or not work with you.To arrive at the TRUE CAP you have to know how to analyze the numbers.

The fee was basically the time for his paralegal to draw up the documents and for him to sign them.