@Duke Marquiss  out of curiosity what were some of the Soup De Jour models being talked about.Is there anything new and relevant as it relates to laws and such..

.$22.78Inverness COCTGeneral Electric$146.04General Electric$148.58Fairfield CTDEE.I du Pont de Nemours and Company$36.14E.I du Pont de Nemours and Company$36.04Wilmington DEFLWorld Fuel Services$41.56World Fuel Services$43.38Miami FLGAHome Depot International Inc.$85.53Home Depot International Inc.$85.90Atlanta GAHIHawaiian Electric Industries Inc.$3.23Hawaiian Electric Industries Inc.$3.23Honolulu HIIDMicro Technology Inc.$9.07Albertson's LLC.$23.56Boise IDILArcher Daniels Midland$89.80The Boeing Company$90.76Chicago ILINWellPoint$71.02Anthem Inc.$73.87Indianapolis INIATransamerica Life Insurance Company$19.04Transamerica Life Insurance Company$23.34Cedar Rapids IAKSSprint Communications Inc.$34.56Koch Industries$115.00Wichita KSKYHumana Inc.$42.31Humana Inc.$48.50Louisville KYLACenturyLink Inc.$18.09CenturyLink Inc.$18.03Monroe LAMEHannaford Bros.

Originally posted by @James De Silva:I appreciate everyone else's feedback above, it's always better to try and fail, then not fail at all.

Be very careful as thes guys sell "contratos de intermediacion", it sounds like you're buying a house, it looks like you're buying a house but you are buying air most of the time ! 

Hello, I am considering investing in the Wilmington, Delaware area due to a few factors: 1.

@Bridgette De La Rosa No I was not.

Philadelphia's BIRT & NPT are easily filed online, and are both relatively de minimus taxes, especially given the high CAP rates available in Philadelphia compared to NJ, and the comparitively low real estate taxes.

It is not calculated on the cash one gets out on the deal.If you’re ever in a time crunch and an accredited investor, I might recommend you learn about DSTs (Delaware Statutory Trusts).

   ( title fees, legal fees for prep the contract, recording fees, transfer taxes, title insurance, back taxes paid and others) All the improvements to the property will be added to the basis. ( unless you qualify for de minimus safe harbor of 2500) All the repairs done before placing the property in service is added to the basis.

And if you run out of time, you may want to consider a Delaware Statutory Trust.