Remember landlord/tenant laws are state determined, so its important to not only know and understand YOUR state's laws, but use leases designed for it.

You should approach every transaction with the mindset that you're trying to develop a win-win solution for all parties.

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I will have 50k equity in my condo and another 30k approximately in other "investments" (Park and pray mutual funds.)As I already have a decent amount of capital, I was hoping to get some recommendations on what you folks would do for a first time investor's money.Right now I don't think that I can realistically get positive cash flow in the Seattle area so I might have to take the "not in your own backyard approach."

Hey all. We've been toying around with some new ideas for the front page of BiggerPockets and we wanted your feedback.

Take a look at:
http://www.biggerpockets.com/index-new3.html

and let us know what you think!

P...

I am looking for the best approach as to what to say at the door and any key points.Ian

Not exactly the strongest approach, but they are making a go of it and I've heard that they've had some success with it.And my reference to Bob McCartt, LOL.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

You could be in Mainframes, networking, web design, web development, database administration, PC Support, etc.Rather than trying to grasp it all, grasp one really well.

These appraisals use a blended approach to value, using primarily the cost approach (reproduction cost to rebuild) and a small portion is the sales approach (recent sales).