Seems they look at me as competition rather than an ally.

It would be better to lose the deal now and work on a future solution, than to put yourself in harms way by trying to get too creative and force a deal.

Hi all,I was wondering if any of you have ever tried to dye a carpet rather than replace it?

All I know is that a lot of millionaires were created (personally that I know) from buying and holding over a period of a few years.

When investing in 1-4 unit properties, the larger portion of your profits come from a combination of your equity at purchase, appreciation (compounded by the use of leverage), principle paydown, tax deductions, and appreciation.In commercial properties and multifamily 5+ units, your are purchasing an income stream, plus the ability to force appreciation (increase income, lower expenses, add capital improvements, etc), and of course, buy at a discount giving you intstant equity.

Hello all,I just found this site and it looks like a great resource!

I told him that I would transfer him the LLC for $15k down, let him assume the mortgage on the property and hold a 2nd mortgage against the property for the rest of my profit.Question: I have never transfered an LLC before and am wondering if all I have to do is Amend the Articles of Organization with the State of Florida.

Not fun at all. I

So, you would lose $60K if you were forced to sell.You have LOTS and LOTS of costs besides the taxes, insurance, and maintenance.

They're going to call Section 8 and complain that YOU have been forcing them to pay rent in clear violation of the Section 8 regulations.