Hello guys, just started to listen to the podcast and it is great to know there is a community to learn so much about this business.We're an association of 3 family members looking for financial independence.

The Minimum Required Funds (“MRF”) are funds you must have available to pay costs associated with the purchase of the property, pre-paid expenses at closing and a reserve for costs once you close.

Because of all of the moving parts and work associated, these loans may take a bit longer to be put into place but can be a great way to enter the business.Types of PropertiesDistressed Properties: Some of the best deals you will find are with properties that nobody else wants.

James Kojo[] Previous 24 monthly operating statements [] Current rent-roll [] Tenant Ledgers for past 12 months. [] Copies of all resident lease agreements and applications [] 2 most recent months of all utility bills for common area and currently vacant units. [] Copies of all existing service contracts and agreements. [] construction and other warranties still in effect; [] Insurance loss runs for the previous 5 years [] Most recent survey of the property [] Any environmental reports and description of any environmental remediation. [] all licenses and permits or certificates of occupancy or other documents indicating compliance with any applicable governmental requirements. [] As-built building plans [] Copy of each floor plan. [] Copy of property brochure. [] List of all property phone numbers (including general office line, fax, modem, internet connection, maintenance, security, etc.) [] List of all websites, domain names, social media accounts, or any other means of advertising or marketing associated with the property in whole or in part, whether transferrable or not. [] List of all trade names or intellectual property associated with the Property. [] Staff listing

Right of 1st refusal is usually associated with a sale.

It is just part of the negotiation as it does not end with the offer.In your seller response to buyers request for repairs, list each item and the individual response associated.

It is Milwaukee Real Estate Association, or Milwaukeereia.com They are having a speaker on Oct 8 discussing the use of your IRA for real estate funding. 

The condo association in the past was in significant financial trouble, among other things.

Plus I have keys for MY PROPERTY and at a minimum copies of all documents associated with current and past tenants, along with passed over applicants in case of a lawsuit due to a false housing discrimination suit.

Our local Realtor association (NPSAR) has argued extensively against it.