[citation needed]After graduating in 1984, Cramer's plans to become a prosecutor were dashed when he was denied employment with the Office of the United States Attorney for the Southern District of New York, headed at the time by Rudy Giuliani, because his law school grades were deemed not good enough.[3]Cramer was admitted to the New York State Bar in 1985 and his current status with the NY Bar is "delinquent".[6][edit] InvestorCramer obtained employment in 1984 as a stock broker in Goldman Sachs' Sales & Trading department.

During the boom, their strategy was to buy a property (pretty house) at retail and do a lease-option at higher than market rent and with an option price well above market price.

Now the investor having a long history and proven track record may be required, but each bank's requirements are different.Now I wasn't selling an LLC, but I just sold a house to a new investor and the lender (the commercial department of a local bank) had no issue with the property being in his brand new company's name.

We focus on retail real estate and also do tenant representation for approximately 15 companies.

1031 Exchange Holding Requirements for Like-Kind Replacement PropertyWhile the Department of the Treasury Regulations and numerous rulings make it very clear that you must have the intent to hold your property for rental, investment or use in a trade or business, they fail to define exactly how long you need to hold your relinquished or replacement property in order to qualify for a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code or Section 1.1031 of the Treasury Regulations.Property Purchased Just Prior to 1031 Exchange If you purchased your relinquished property just before the 1031 exchange transaction, the Internal Revenue Service has routinely taken the position that you actually purchased the property for sale (inventory) rather than holding it for investment.

Why not get on the retail side as an independent broker, did you do any underwriting?

It would be good to find the small local or regional bank that will do loans and setup some accounts there and try to meet with someone in the lending department to find out what they can do and what they would like to see from you when you find a property.Overall the best thing you can do right now is read and learn.

I got it with 6 guys, only two actually paid their rent, two years later it was full, in retail salable condition (lipstick on the pig) and making good money...but I was still always waiting for the next phone call from Bob or the police telling me this or that happened.

Country Inn on 20 acres we own in Redding, CANow days, since relocating to southern California, I think about developing:Mixed use project with retail on lower level and residential condos on upper levels, with ocean views of course! 

Department of Housing and Urban Development) have instructed mortgage servicers to proactively protect the priority of the mortgage lien and to clear all liens for delinquent HOA dues, rather than waiting until an HOA foreclosure starts, to keep this from happening in super lien states.now court is in recess. have a nice evening