(technically, they get an 8% preferred return and I get a 6% developer fee if all goes to plan, then we split any upside after that).In your situation, if you and your two buddies all put in cash, and all have some sort of management/decision making roles, you could divide the ownership and upside according to your capital contributions.

In my market, agents use software programs that let them write offers online and then they can have their clients sign them electronically (using two programs, Zipforms & DocuSign).

I am reading alot about yellow letters as well and developing my own system, I'll write up a post about it once it starts working out.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty

I developed a very good relationship with the case managers and the inspectors.

Your odds of getting rich quick would probably be better in writing some fantastic software program, that takes knowledge too.

Well @Carrie Smukal you're going to need to get past whatever makes you feel that way, because building code inspections are happening just about everywhere in the developed world.

I'm new to the RE and currently living in miami beach and I seen a lot cranes going up and lots developers marketing there projects lately, not sure if it's another recovery or another cycle of foreign investors buying up property .Also Im in the process of starting DM ( yellow letters ) in the miami area any words advice ??

Save it.If you can't live within your means and save money you will always struggle with finances no matter how much you have.That said, here are some approaches starting outPartnersPrivate lenders (friends and family) Hard money lendersWholesaling (can be done with little money but it is hard work and hard to develop a consistent income)Credit cards - Risky but I know people who got their start that way.