We have some great back country roads around the lake that any road race driver would enjoy, for me, at times, a few of those "S" curves that I know like the back of my hand are just too much of a temptation.I'm happy to hear Jay that you have enjoyed your method in your construction deals, but you and your attorney are misinformed if you think a note sets a partnership, it may have the effect with similar outcomes.Repeating what you do doesn't make it more correct or prudent, people should not be doing this, you can, if you have issues, you're a big boy, you can handle the issues or losses or ramifications, others can't so well.My temptations running through those curves is much like yours in doing deals you like to do, if I get a ticket, I'll just pay it.

So, if you buy these deal with $75K down, 10%, and end up having to sell a year from now you will end up with an almost complete loss of your $75K investment.

You can pick up a copy (or books on tape/cd) to be ready for our Discussion Group 6:30 - 7:30 PM Basically the author shows how Ray Kroc (and other successful businesses) documented the simple procedures of the MacDonald brothers to grow the largest fast food purveyor in the world.

;) Amit, your insurance should not be set with respect to your net worth, that's irrelevant, unless your net worth exceeds the risks assessed, it needs to be established as to the risks and issues mentioned above.As mentioned an insurance company can pay and walk away, if your loss is greater than that you're dipping into you money.Consider too, death cases are based on the loss of income of the injured party, professionals will have a greater value assessed, which means more insurance coverage would be justified.If your net worth is in 8 figures, you're probably fine, otherwise you may want to review your coverage, liability coverage is cheap. :)

However, as a newbie, I am at a loss of how to begin to structure an offer or offers.

Does the trust share the same protection as the listed insureds in case of loss or claim including lawsuits ?

I work in different areas every day so with all these delicious food joints on every corner its tempting and expensive!

In the event you have a breach on your lease and the seller(landlord) evict you your funds would be loss, unless you put some condition of improvement reimbursements in the lease agreement.To me best thing to do is have seller carry back a note for 3 to 5 years to give your self a change to refinance the property later or resell it with a tenant in it.

From what I have witnessed a lot of the buy and hold investments going on in SoCal were plays made years and years ago, bought during the recent market depression, or are what I call a loss hold investment.

“Any change, any loss, does not make us victims.