Wanted to introduce myself ...my name is Isidro...i am from California, i recently got offered an opportunity to get into the real estate investing by my landlord...he has been doing this for about 15-20 years and offered me to work with him...basically i find/generate him leads...he puts 100% of his money, we buy homes cash, if i work on rehabbing he will pay me an hourly rate, and in the end he gives me 40% of the profits...sounds like a fair deal to me since i have 0 liability, i am not using my own money and he is an experinced investor.

Basically the most important things to do are the inspection, line up the financing, and pick a title company and have them start work on it.

Once you get beyond the basic “exempt assets” you need an experienced attorney who specializes in asset protection.

It's basically just a quitclaim deed.

Learn the basics of cooking now -- it really is one of the main keys to living cheaply later.

At 12 percent and above is basically hard money rates

Basically, in 1996 a married couple out of “love and affection” for the grantee, gifted the property to her “reserving unto themselves a LIFE ESTATE in the herein real estate”.

While working with the mortgage guy at USBank and discussing the issue I had at the previous bank he said they basically just look at the numbers with larger MF complexes. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Basically, the developers and initial investors make money early on in these deals.