I don't know if I'll ever make any money off of them and I don't plan to because I just love collecting but my kids or grandkids my enjoy my early 80's card collections and my signed footballs and stuff.

http://news.yahoo.com/s/ap/jpmorgan_bear_stearnsApparently the Fed and the White House wanted to get this done before the markets opened.

Specifically, an LLC can be taxed as:- a sole proprietorship- a partnership- a C corporation- an S corporationDo you know how your LLC is taxed?

Discuss it with brokers in your area.The lending LLC would be different than your s-corp.

Now I might be showing my age, but in the 70's I could have sworn the scientists were all warning of the next Ice Age coming.

Speaking of family trees....http://news.yahoo.com/s/ap/20080325/ap_on_el_pr/candidates_genealogy

Similar to the FUD factor.Fear of making a bad deal because of ignorance of what I NEED to know to make an educated decision(s).I am quickly fixing the ignorance part with lots of reading of RE books and with the excellent info and helpers on Bigger Pockets.Soon oh very soon deals will be made :) Actually I am in the process of building my "team" for RE deals.

(thanks tenants)You love the smell of fresh paint.Every time you buy a car it has to have 4 wheel drive to get to those hard to see properties.Every morning is spent writing down recording #'s of the forclosure notices by hand.You know all the extentions on the attorney lines to get the sale date an opening bid of your local attorneys.When ever you meet some one you ask them how much they paid for there house.Your an a**hole to newbies just because you know more than they do and then you feel bad because you were there once.

W I T N E S S E T H :WHEREAS, Assignor has entered into a certain Real Estate Purchase and Sale Agreement with __________ as "Seller" and Assignor as "Buyer" which Agreement was executed on __________, by said Assignor and on __________, by said Seller for the purchase and sale of certain real property being, lying and situate in _____County, __________, and more particularly described in said Agreement, copy of said Agreement being attached hereto as Exhibit "A"; and,WHEREAS, Assignor desires to assign, transfer, sell and convey to Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement; and,WHEREAS, Assignee is desirous of receiving all of Assignor's right, title andinterest in, to and under said Real Estate Purchase and Sale Agreement;NOW, THEREFORE, for and in consideration of the sum of _________ Dollars ($___.00) and other good and valuable considerations, the receipt and sufficiency ofwhich are hereby acknowledged, Assignor has assigned, transferred, sold and conveyed and by these presents does hereby assign, transfer, sell and convey unto Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement.

This money currently earns me about $2250.00 a month but it's PV could diminish if market conditions change making me look strongly at Multi Family RE.The money is in my S corp that is not related to REI.My CPA says to take a Distribution and form an LLC for REI.