I think Charles is in your area, try the phone book, it is tax season,,,:)

I did deals all over New England.I'd be interested to hear if you're walking in with it in-hand or if its being requested when you present and offer and if its being requested then by whom and does it also accompany a deposit.Sorry to jump in on your thread with this but I'd like to know.If its helpful to this convo I don't think we ever made a decision with the client on whether or not to accept an offer or negotiate based on the depth of the buyer's pockets it always had to do with how much the asset was on the books for weighted against the potential for further loss.

The main reasons are:- No probate- Significant Tax advantages - no estate taxes- No public disclosure - my teacher said, "keeps from airing their dirty laundry"This is coming from a class and book designed for real estate law in California so your mileage may vary, but that should give you a good gist of why people create trusts.

It Do your diligence, and don't judge a book by its fancy or tattered cover -- it is what is inside the book that matters.That said, you've got a network of thousands of coaches here on BP who are willing to answer any question you've got at any time of the day for free . . . don't hesitate to let the community be there to coach you.

I'm not exactly book smart.

I read so much and learn so much from BP, plus I read books, ebooks, attend webinars, im going to a reia meeting tomorrow, I just am AFRAID i think to be alone.but if others have done it, so can i!

Giving a refi to cash out some of your equity on your proven properties and giving a construction loan to build your other buildings you want are 2 very separate issues.If the ltv is right and the property is solid a bank would love to lend on your current buildings for the right ltv.A construction project on the other hand is not a type of loan many banks are giving right now at any ltv.What do you think was the first thing banks dumped on their books??

I'm just asking that question because I've not had to do this before and seeing what someone else has done will open my eyes to the different possible structures.I'll keep digging and I'll see if there are some books or other threads on this.

Is there a good book/website out there!

Here are the numbersGross rents - 13200/month 158,400 /yrOperating costs avg range-82-88k /yr Net - roughly 67-75k factoring in 2% -5% vacancy rangeThe mortgage is at 200k at 2% over 10 years so about 24k a year bringing my net down to 43-51kThe building is in MA and I'm currently living in Texas- I'm managing remotely using people for books, repairs and rentals (my net factors in their pay).