Since my early 20's (I'm now 47) I've been interested in real estate investing.

Originally posted by @Victor S.

S

@Teri S. 

I like your lessons learned #'s 2 and 3. 

Besides that, the moderators do not allow members to post any contact information (numbers/emails) in the forums outside of the Marketplace.But because this post has gotten so much attention, and because @David Kirkland asked, I recommended Christina check out Tim Walsh with H&S Accounting.

@Thomas S.

One is a 60 unit b class property in Ft Worth TX. 80's build, townhouse style property in a nice old money neighborhood of town and close to a medical school.

What: 1) 3 story, appx 2200 sqft apartment building built in late 1880's, all boarded up needing a major gut rehab (# of bed/bath are unknown) 2) lot right next to the above building (don't have the measure yet but it's small, appx. 0.2 acre or possible under )Purchase Prices, ARVs, and asking prices (provided by the potential partner): Potential partner got both of them as is off of a private auction at below prices: 1) building: auction purchase 700k; ARV of 1.3M; asking to sell at 900k 2) lot : auction purchase 300k; ARV of up to 1M; asking to sell at 300k Proposed Partnership: She is funding 90% of the deal through her private lender so she needs to put down $100k of her own cash and she is asking me to put down $50k with profit split of 25:75.

Insurance is expensive in Fl. and higher for companies if you operate as an LLC or S Corp like me.