Your very first post.I see no brokers have spoken up yet...strange...truly strange.Maybe it's the REO specialty that's holding them back.If there are no specialists in THAT field, you at leastwant a broker who wants to work with an investorsuch as yourself.I've looked in my contacts list and found this guy:----------------------------------------------------Contact: Roger Lamba Location: Carol Stream, Illinois Phone Number: 630-835-4054 Email: [email protected] I am a licensed realtor in Illinois.

But if you focus on realestate and get some places bought and rented out then you'd have a monthly stream of renvenue coming in which will continue regardless of how many hours you put in.

Next, build a pro-forma that demonstrates why your offer makes sense, given the property's income stream and the cap rate that other investors are using when they purchase this kind of property.

But it has always been nagging at me that we only have this one stream of income.

Claims against the LLC can't spill over to your personal assets except in certain instances.

As a new real estate agent I was told it would take months before I would see any sort of steady income stream due to the fierce competition in the world of NY real estate.

Unless you have an endless stream of people you know personally that are going to be your loyal customers then you working with new customers is going to be your biggest challenge.

In the client relationship between property owner and PM, the property owner still and will always have a superior interest in the real property, so much of what your PM is telling you sounds like hogwash, IMO.The idea of removing salary information and credit information from the information stream to the owner of the real property related to potential or current tenants is frankly a bit absurd.

Here's how i look at it.What Do I want (that money can buy):----------100 -500 acre ranch with 3000 sq ft home (log cabin style), with a running stream and maybe a lake. $2M-$5MHughes 500 Helicopter - $1MSo I guess my goal is $3M-$6M and when I get there, I'll make a new goal.I can't even imagine not working.

We partied like it was 95' on most weekends, spilled drinks, broke bathroom mirrors, and busted a window.