They bought into a game they could not afford to play in the first place and a 1/2 point off the Fed Fund Rate is not going to help them.Good Luck,Jason

My advice to you is to consult a CPA with a background in real estate, before you proceed with any business formations.Let them know exactly how you intend to conduct your business in the beginning, once established and thereafter.

If its a good deal and you have an established network, if you still don't have a contract to sell it after a week of marketing it then it probably wasn't that great of a deal.

yes it can take a month or longer the name of the game is to be persisitent without being pushy....all the whilke keeping your buyer waiting

At the same time there are property investors with very large portfolios (20,000) so there must be something that works.I think what you will find is newer investors or amateurs who are not on top of their game get into more trouble than seasoned investors and professional property managers.Warning: watch out for real estate agents who manage part time while filling in the gaps between sales.

I guess I am just gonna have to get in the game.

I have established an LLC and filed my dba, so that is taken car of.

Fannie, who establishes the guidelines for conventional financing, allows a borrower to have to 10 financed properties.

I have heard that the two most profitable states to establish an LLC would be in Delawear or Nevada, What would the reasons be for that?

Say the LLC is established.