Details below:Purchase Price:  $124,900Contains (5) 2-bedrooms and (1) 1 bedroomRents: $3,490 totally rented outWater/sewer: $100/moGarbage:  $213/moPest Control:  $68/moTaxes:  $450/moInsurance:  $250/moProperty Mgt:  $279/moLawncare:  $100/mo10% Maintenance:  $3495% Vacancy (low vacancy area historically):  $174.50Total Expenses:  $1983.50Financing:  Bank (80% note):  $830 (15-year term); Seller (10% note):  $99. 

Im Troy Peters and its time to start something new, time to change my life, time to take a huge leap into what I know is my future.So, a week and a half ago, upon leaving Dallas to head home to Cypress, TX, I was feeling down about not having the control I wanted.  

The reality is in the LOI and or the purchase and sale agreement if there is language that says if this documents language conflicts with any other previously signed documents than it shall control that will supersede whatever CA was signed beforehand.So the reality is if the listing broker wants to close and the seller wants to sell they will play nice and agree to the fees.Now the other language for example: Prospective Buyer shall indemnify, defend, protect and hold harmless each Owner and Agent from any claim or demand by any person or entity entitled to receive from Prospective Buyer and/or Registered Broker or for its account any brokerage commission or finder’s fee in connection with this Agreement or any possible transaction,What this usually applies to is someone in a daisy chain coming in an claiming a fee for doing nothing trying to junk up a transaction.

I don't know what to do, I find a property and to me it sounds like a good deal. but soon as I ask someone else for some advice they say, "the deal not good enough, the numbers are not right"' for  instance house 43K ...

I was going strong for about 2 months....then I guess I just lost interest. 

Last time it was on the market for 7 days, we offered on it and lost to the other offer. 2 weeks later, the deal is dead, and the seller's agent is contacting us.

The best operators in the space wish to control their capital formation process.  

@Steve Vaughan You lost me on a few things.

It will give you control over the funds and the ability to invest in real estate just like the Solo 401k, but does not have the need for self-employment qualifications.

Jeffery the reason I would not recommend this.. is your putting up all your liquidity to go into business with someone you don't know.they are risking their credit.. and the asset you can buy for the amount of money you have is not going to throw off enough cash flow  (once split) to again in my mind justify using 100% of your liquidity ..these deals don't always go well.. what would your position be if you lost some or all of your money or it is now tied up in a project that you cannot unilaterally get out of if need be.so many other considerations other than I want to get into RE..