The standard fund structure is 2.0% Management Fee and 20.0% of the Net Profit goes to the General Partner/Managing Member.

Since the person is local, it likely is more accurate to your state laws, etc.While you're likely in competition with REIA members, they could also be your end buyers.

A member has graciously posted a sample form.

Having family members pay RE taxes and insurance is not an income producing aspect, it's just covering expenses.

I am a new member from Fayetteville, NC.

I am not experienced in multiple family properties and while I have been to Rochester last year I do not follow Rochester's market closely.I know of only one member, Mark Updegraff , I think i spelled his name right, who operates in Rochester .

Sounds like a local bank that BPers speak of.Hey Shanequa, fortunately I have some family members willing to lend me their cash that they are receiving zero interest on.

Overall, I think we have to discuss property classification when talking about cap rates or any measurement of price to income.I'll admit that I had never heard of the A, B, C classification for props before I was became a BP member.

At least it's off my "to-do" list.I just had an offer accepted on a 3-note portfolio, and I have a seller literally begging me for an offer on another note.I had a very productive dinner with the SEVP/CCO of a local bank, which I am certain will lead to something good.Finally, I had 2 family members who have done deals with me in the past approach me with some more money they "found."

My question is are there any BP members in Columbus, Ohio that could maybe teach me a thing or two?