When you form this partnership with family you will bring in all the legacy junk built up over the years.I had a restaurant with family and it was very hard.I sold it off after a few years.The drama was killing me.It's better to give a person you hire (not family) a certain amount of tasks and they are paid to do a job.I don't have any family involved in my business by choice.I have learned from experience it is better that way.With a partnership especially family both might pull their weight at first but eventually someone will get lazy and one will have resentment against the other.I am not saying a family partnership can't work but in most cases it does not and the odds are against you.Good Luck

If you have invested in any R/E investment education you will hear about many strategies and in most cases the information is condensed over 3 days.

I know that we asked you the other day to vote for us for something, but in the real estate industry, this carries far more weight.

I would also look at inexpensive no-frills windows instead of premium high-dollar low-e exotic glazing.

Also, print off an IRS 1040 schedule d or e or whichever it is and read the instructions on how to report rental income.

Or should I just get an umbrella coverage insurance policy and report the property on my 1040 Schedule E?

The Fed issued the following statement, basically giving S&P the big FU:"For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities will not change.

I would add off-street parking.There is an updated 3bed/2 bath renting across the street for $1500 w/ G&E.

The banks are horrible about returning e-mails and you'll be luckily if you ever speak to your "negotiator.

I think the zombie banks are a big part of the problem and we need to clear out the dead weight so healthy "entrepreneurs" (I hesitate to call anyone the runs a bank an entrepreneur) can deploy capital sanely.