I'm a 16 year old aspiring real estate developer and investor, and I'm really driven to start out as early as possible.

You can also use your tax assessor's site and secretary of state's site to identify which attorneys are being used by other active LLC investors.Take steps to shield the identity of the members.

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.

ARMs are identified in monthly terms, 60/240, so in 60 months the loan will adjust over the remaining 180 months, then 120 months, then 60 months and you're done.Keep in mind that the margin is 3 points, if this loan goes sky high that means current rates will be about the same on the street, unless you find a "sucker rate" and that may climb to compensate for any low entry rate.

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

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.

If there are developers, some may build with a down payment and allow you to close with a conventional mortgage.