I think the *intent* is so someone is not making an 'income' from their retirement acount (save putting 10K of labor into a flip).So, can you take off the screen and take it in to be repaired or put a nail in that piece of trim that is loose?

With the intent of your plan there is ZERO attractiveness to either of these two deals from any unknown investor and frankly even family members likely will not like this either.You need better reading material from folks who actually do put deals together, I feel like you have read too much from folks with pipe-dreams.

Just due your due diligence no matter how well you think you know a person or their intentions.

Im definitely going to the next RIREIG meeting maybe ill see some of you there.I've downloaded and read most of the UBG for BP and there is LOTS of helpful information.

Unlike many businesses, evaluating the "goodwill" factor in real-estate is pretty straight-forward: vacancy & eviction rates, along with the state of upkeep give you much of it.You can only pay a price which enables you to continue to profitably operate the business.Write the letters of intent ... it's just the cost of postage and a bit of time for a follow-on telephone call.

On a philosophical note, my husband and I JUST made the decision to become intentional landlords and begin handling the management ourselves and investing in more properties, then we get this call.

Sure I made great money last year but Ill see it in 20 plus years and pay a heck of a lot of tax when I pull it out.

But those good intentions will break you in more ways than money.

My intention is to wholesale them to another investor, which I made very clear to him that this was my intent, he didn't seem to care.

The idea is presented to the Seller of the real property and is purposed with showing or illustrating how strong the intent is as a buyer to meet the demands of the transaction.