How do you find people willing to invest without running afoul of state and federal securities regulations.

Now if they were in fair/poor condition, that's another thing, but if they were close to being what is normal for that area, you can not ignore them unless you want to loose money.Having said that, if you want to throw away your money, I can give you my address and you can send it here.

by the way ive been throwing the word finance around so much without even realizing what does it really mean.also, im not really trying to start a business in real estate. unless you call buying houses and renting them out a business, then in that case pardom me for my ignorance!

If you improperly handle escrow money, security deposits, etc., this comes to the rescue.

Originally posted by Wheatie:To be frank, when you offer 20% returns and say "there is hardly any way to lose money in what I am doing" my eyebrows really go up.So do the eyebrows and investigative interest of every state regulator and the Securities and Exchange Commission.

I look forward to growing my wealth, securing a future for myself and my new wife with all of your help.Thanks, Dave HumphreyAnd if anyone is in the Akron/Canton area, I would be happy to buy us lunch one day if time allows for you.

FYI The price is 123k, arv 220-230, with 20k necessary on the high side.My girlfriend has excellent credit 760, good secure job (Teacher) but has little to put up or out of pocket without wrapping it into the loan.

SInce Quickbooks has already been posted, I'll just throw out another piece of advice to keep you on top of things.When you get stuff in the mail that needs a reply back, do whatever needs to be done and mail it back to them ASAP.

I would like to secure contract and assign to an investor.

The more this is, the stronger the tenant buyer's claim they have an equitable interest in the property.You also want a separate security deposit that's part of the lease.