Grateful for you outlining the main principles of MF.

With the outlines of an agreement, I've started talking with real estate lawyers experienced in multi-family property and land contract financing.

I have asked for an esstopal letter as well as a written statement from current owner outlining the verbal contract.

Having read several of the boards here on BP, I have seen that going to local REIA meeting is highly suggested, so I am attending the AZREIA - Phoenix meeting on 5/12.Given that I am new to the industry, I would love as many suggestions about my three initial goals I outlined above and how to best accomplish them.

If you decide to go with family make sure you have a clear "business" plan and outline of responsibilities.

I also recommend writing a script for you to follow in the beginning, even if in outline form.

I am familiar with the process, and the title company pays you whatever is dictated in the assignment of contract as your assignment fee.In an assignment you will assign your contract with the seller to your buyer with an assignment of contract that will outline the original contract price and your assignment fee.

In cold belt states cap rates for STNL tend to be a little higher but only isolated areas of growth and many outlining suburbs to rural are contracting and dying off.

Right now steady as she goes.Weeks ago we put together a white paper for our residents outlining the different resources and assistance programs available to help out families in need.

It will outline each person's involvement, exit clauses, timelines, duties to the group, taxes, expenses, etc.