I have the cash available to purchase property up to 300k obviously I want to spend far less on my first project and would have cash for any work that needs to be done, which I have the skills and tools to do anything needed.

He's not really getting anything if I take it for the loan balance, so if the price dropped he'd effectively be paying me to take his house and equity.

I don't want it to effect my borrowing ability for my future primary, also in the 500k range.

- If similar legislation was inacted in the state in which you do business, how would this effect your business & profits?

In effect the LLC can easily die and the lender has little to show for its position if the property is not enough to protect the lender.So, why would you expect a lender not to see the LLC as a higher risk?

Assuming that I did get it you and I are on the same page.Leverage is a tool and it can be used to enhance one's total returns plus manage the tax impact.John CoreyOriginally posted by "akhanna":Mr.

signs for the place - good condition - visible - other marketing improvements (that are cost effective)?

There can be units in the same building with very different features that the meter will not capture.So, as a crude tool for mainstream properties it can be OK.

Some investors are effectively contractors and can accurately estimate the work.If you lack the skills and can not afford large surprises then always expect to pay for an inspection.

This book will give you the proper mental tools to take on this industry.