Locking the rent in at a rate somewhat below market could somewhat lower the value of the building in the coming years (since the rates could be below market), but if we could maintain even a 9% cap rate (i.e. let them rent at 10% less than they are paying now) I can't imagine having trouble securing financing.I mean 9% cap on a AA secured property for 7 yrs gauranteed would be amazing.

If have Dealer staus acording tothe IRS even if you hold a property longer than one year you still pay ordinary income on it and all your gains are subject to self empoyment taxes (ie: Social security @15%~~).

Any time I've ever done construction, I just got a contruction loan and the bank accepted my ownership of the land in lieu of a down payment.The bank wants security and the clear title to the land quarantees that there is equity in the project.

Do I just keep the security deposit?

If a tenant moves out of a property after his lease was completed and the landlord refused to return the full security deposit due to "dusting and cleaning of the apartment" is it possible for the tenant to file a mechanics lein on the property for the remainder of deposit?

Let's discuss what goals you have planned for August, and feel free to evaluate your results from July.Without further ado, the Official Goals Thread continues with August...

You also need to develop a good working relationship with your local building department and city officials (city council members, etc).

How do you find people willing to invest without running afoul of state and federal securities regulations.

If you improperly handle escrow money, security deposits, etc., this comes to the rescue.

Originally posted by Wheatie:To be frank, when you offer 20% returns and say "there is hardly any way to lose money in what I am doing" my eyebrows really go up.So do the eyebrows and investigative interest of every state regulator and the Securities and Exchange Commission.