Besides the monthly income, additional reserves would allow you and people who do the same type of business to make it through a general economic event, or a local event such as a major factory closure.

That kitchen ceiling is moldy-awesome.Be sure you invite the neighbors over for a "sneak preview" - get some food & drinks & make a nice open house event.

Real estate is a hard asset where they are only making so much land.With real estate you get the 4 pillars or return.( depreciation, cash flow (hopefully) , appreciation (hopefully), and principal pay down ( if you have a loan and are not paying all cash ).Your tax equivalent yield can rise in the double digits on return.

I now consider this series of events to mark a defining period in my life.My employment background has always revolved around customer relations.

Besides doing that on here make sure to get out to some of the many local investor events we have.

and I haven't planned next months event but we do post it once its set up.Most of us here will help if we can.

Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

I have not had to deal with this situation personally i'm just going off of what I was told when I went to school.I believe in a situation such as this each office has a designated person who will take over the broker role in the event something happens to the broker.

Even if the clerk recorded #2 AOM before AOM #1, it would have meant much, provided the note was held in possession.In the event you actually did need to establish this, you would simply note on the assignment itself the desired affects of the instrument.

We carry 300k liability on all of our properties.The LLC will not give you much liability protection in the event you loose a lawsuit as you were the one personally managing the property.You would not need a broker license to do any renting or management with the property as it is owned by you.