That would be $60,000.So in all, the development costs would be around $175,000, all of which would probably have to be cash or privately funded.Also, you have the cost of the land.

Or you could do flips or do private lending to investors, but I'd be wary about doing it in Canada given the high valuations.

Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)

He probably has a few connections he trusts... and he should be able to vouch for you as a customer (yearly work, total scope, pay on time, etc).Of course that also tells him you're looking past him for when he kicks the can so you'll have to figure out how to phrase that...

Those apps would operate a simple, intuitively apartment or private space.

You can certainly warn me privately and not publically if you choose.Back to the topic at hand, the 2% rule . . . .

The best part is all of the money I've used for these deals will come from a loan I got through Lending Club.I'm still working on my presentation for getting private investors and I plan to get that started soon.

I would not put that in an LLC, you need a family trust or leave it alone as a private family residence.

Face to face interaction is actually my preferred method of dealing with customers, clients, etc.I am new to the real estate business in regards to investing, but I have spent a few years negotiating bank terms and rates on the behalf of owners.My business partner has experience in real estate as a landlord/owner.We are looking for lead sources and marketing strategies to maximize our efficiency as we setup shop.

Ultimately, I want the primary source of my income to come from investments in real estate and private businesses.Although I’m pretty much a silent reader for now, I will join the conversation as I feel like I have more to contribute.Thanks to the active members for sharing their knowledge, and good luck to everyone on their endeavors!