What area of real estate investing do you specialize in?

He/she can hold your hand and prepare the docs for you.cheers!

The documents are more or less the same documents any lender would use.Risk is the issue.If you finance the place then be prepared to take it back.

As a Realtor specializing in investment properties, I look on the MLS for distress sales, and not just HUD homes.

If you buy it prepared to make payments, no matter the circumstance, then you are fine.

However, if you lowball, be prepared to get a counter offer which will have the initial sales price (agent saying go away) or something lower (agent saying lets negotiate).The listing agent may want you to provide proof of funds either by financing or cash, but other than that, they should have all necessary paperwork that you need.God Bless.

Here are some of the things that I do for them:Prepare and update budgets and timelinesPrepare or review vendor contractsMake sure W-9s, insurance certificates and lien waivers are receivedAssist with preparation of due diligence itemsOrder surveys, appraisals, inspections etc. and make sure they are received on-time (or sooner)Review and prepare closing documents for signing (after received from the attorney)Coordinate closing with broker, real estate agent, title company, lender, etc.Full charge bookkeeping including A/R, A/P, FinancialsPrepare and submit draw requests to Lender's for payment of contractorsThere are a lot more things I can do for local clients, such as meet contractors to receive bids, check-in on remodel sites, etc.Usually the REI's locate the properties and do comps themselves.

He fails to have any incentive to be successful.If Mike is willing to participate to help Joe build himself back up, then I would suggest some sort of LLC partnership operation with special allocations to give Joe a guaranteed payment of the cash flow amount distributable and then give Mike all the revenues & expenses, which include the guaranteed payment to Joe and depreciation.

If all the newbies new that, the gurus pitching their how to buy foreclosure secret systems would be out of business.It takes a very special personality, dedication, and the ability to hear a hundred No's or have 100 doors slammed in your face before getting a successful deal.

I've never invested in Commercial property, just residential.As an investor what do I need to look for when hiring a Property Management company that specializes in Commercial property.I would assume its quite different than dealing with your typical SFR manager.