Look at mechanical, roofs, appliances etc. to reduce potential for reoccuring repair & maintenance issues and making move-in ready.If you provide a decent analysis of the property which peaks his interest, and he buys and finds you were spot on, whose properties is he gonna look at in the future?

Otherwise, skimming rents can get slim and it would take many deals to really earn a living and you usually take alot of risk for what you get.

If you mean "partner" by bringing money to the table with the desire to earn a return, a newbie might be willing to give you a higher share of the profits than an experienced investor.

When speaking to a mom&pop LL, let them talk, they will likely say things in conversation that you can't ask, like thier health issues or if they drink too much.If you verify employment, it's date hired, position, salary or earnings, and likelyhood of continued employment, you can also ask if there are any expected layoffs or future hours being cut back.

I am excited to be rejoining the company, and am hoping to use my earnings to become an investor in real estate.

Everything similar on the market is at least $60K...still half price from peak but no clearance sale!

I have 1 year in which everything I earn in this business can be reinvested to create more.

I got back "in" in late 2008.I am looking to consolidate and/or liquidate some holdings at the next peak.

I might go so far as having my kid in the LLC with a minority interest allowing them to earn a little for management duties, letting them lear about the IRS instead of just sending them money each month for parties!

Hello All, Recently my girlfriend and I decided we were going to start a wholesaling business together with the hope that we could earn enough to eventually purchase distressed properties ourselves.