Rich, Jason and Mike, What methods are you using to find the people who need to sell.

It's structurally sound and we have experience with rehabs, so that part is fine.

Don't forget major structural changes, ie, removing load bearing walls.

In this case, you will need to CAREFULLY structure the lease-option contract and be sure that you cover yourself.Good Luck,Mike

Jason, how do you structure your owner finance deals?

How do you all structure your partnerships with other investors.Such as situations where one person brings the money and another does the work etc.I am interested in hearing various structuring agreements between various parties and how they work and didn't work.Thanks

I have an attorney that closes maybe 300 deals per month and is very understanding of creative methods in real estate.

I am not a broker so I will have to hire one (already know who to call for that) until I can set aside the time to go to class and try to pass the broker's test.I have a few people who "have said" they would like to become salespersons under this new company based on the fee structure and marketing I will offer.

If so how should the LLC be structured to give you the best protection and, what kind of insurance should you get to also protect you.

I have had 2 different financial establishments appraise at 88K and 91K respectively.I can rent the 2 structures on the same lot for a total of $1200.00 - $1400.00 /mo.The structures are a 2 bed 1 bath and the other is an efficiency.