Alright I'm a new investor,Ive been calling people left and right filtering out non motivated sellers.Anyways I'm not a greedy person,so I'm willing to give the owner 60% of apperication and I keep 40%.I have two people on my list to call them up if their willing to do a L/O.The other two one I gotta call up in a couple of days to see if their still interested in the deal.Another one I'm gonna speak with him,tommarow to discuss more of the matter.I need a L/O contract along with splitting apperication.

You could bring in a partner, who funds the deals, and you split the profits with them.Lynn (FL)

Time is money, and I dont have time to sit and kick rocks..

I split the cost with my brother when we got it so it wasn't too bad.

Then there is the appraisal (not sure if this can be used for depreciation because the appraiser never splits land and building values), which came out at $2,140,000.

I mean unless you have a long standing,rock solid reputation in the industry and the right relationships; at best its an uphill battle.  

Alternatively though, we could say that if we split my costs between the units (a cost "basis" per unit) then I have made a profit so I owe tax.I think the latter of the above is correct, but I wanted to check to make sure because if its the former then that would be great.

Things they did that I didn't like: 1) establish a rule of no networking until the end of the last day (this rules makes no sense, so my guess was that it was either an attempt to avoid naysayers persuading others on the fence of the advanced training not to do it; or an attempt to avoid forming partnerships to split the advanced training fees. 2) ask questions to which you can only answer yes (this is a classic sales technique).

I have just moved to Little Rock and am pursuing doing real estate investing full time.

Split keywords into categories. 6.