I want to make sure that this would be a fair and profitable deal for each of us, and so if each of us are putting an equal amount of our business money we also then need to equally split the responsibilities of running a buy and hold business, or conversely, we need to compensate the person, or persons, who are doing more of the work.

it's a trap. i bet she just had a conversation with the coworker and automatically assumes they want it. she wants to get out before even the coworker applies. then it's "your problem"

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On and on and on..........I will be attending a free visit to a local real estate investment club on the 21st, hoping to meet some locals and get myself refocused in a single direction.So this is my introduction and I am trying to get my name out there to see what feedback and if there are any locals on here that can help me get my head straight.I welcome all feedback, and look forward to conversing with as many as possible.

I want to start a conversation with the owner, feel out their side of things, but am unsure where to come in at for the price.

But a conversation with one of my friends also had me interested in buying a condo.

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It is agreed that the purchase price shall be 600,000, 200,00 for land and 400,000 for improvements.Just had a good thread up this am on conversion of rental properties and capital gains, it covered the tax requirements for rentals to primary.