Curious if anyone has used the teamwork lead system.

I am interested to see some of your information about the Parrish system that exists in Louisiana as it is different than the county layouts in just about every other state!

You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.

Greg, if you already have a system where you are generating the close to 1Mil pre-tax why do you want to change that strategy.

If it's like where my sister has a new home with clay soil they now make you put in an elaborate pump and two tank system that needs inspected every two years charging you 250 dollars each time.

They want it and would like to lease it for us for a 10-yr first option triple net.I have been negotiating with the owner and think we can get the building for $200k and would need to put another $200k into it for improvements to lease.I have not started hard negotiations with leasee (waiting until i get control of building, but will not close until executed lease is in hand) but have casual discussion of $9/sf.So we are looking at cap rates in high teens and a hefty cash flow with paying off the building in 10-yrs.

Hi there everyone,

Many of you may know about this, but for those of you that do not, it is the greatest thing since sliced bread!

http://craigslistadtracker.com/

It is a free service from craigslist and you use it...

If I were you I would do everything I could to find the owner of the abandoned unit and buy it, then you have control of the entire set of row houses.I would start with tax records, to find out who is listed as owner.

You should look to maintain maximum control of your business and rehabs.

In this context, my understanding is that the dealer status applies to the the entity, not the individuals that control or own the entity.