The seller might not remember what they committed to or might never have agreed to anything.

So remember that when getting advice.As to your credit.

If so, remember you can't really afford to touch the cash and that means you need to cover your buy out of pocket.That's survey, attorney fee, etc. etc.

If you try to hide the deal rather than do it legally you are even worse off.You need to know the laws, the house rules for your brokerage and remember the public (including bird dogs) do not have to meet the same standards that you are held to.Good luck.John Corey

It actually made me slap my forehead when I remembered getting a secured LOC on another property.

Then I could not remember if I had used the subject line so I went to check what I sent.When I looked in the sent folder I did not see the message.

Untill then keep chasing your dreams and remember that I bet every investor on this forum that has done any significant number of investments have had good ones and some that weren't so good, the key is to learn from both, and the only time you truely fail is when you stop trying :mrgreen:

I remember when I actually made my first offers on some FSBOs and then reading over everything and realizing things I missed, or going to the investor meetings and finding other things I could have done or other ways I could have arranged the deal.

Remember, we're talking about small apartment buildings.

Just remember that the expense will multiply times the ammount of llc's you have per property each year.In the beggining don't worry about it to much but as you grow do invest in yourself and explore better opportunities with your cpa.