If the owner of a free and clear house were to "settle" the house, the result will be an inflow, not an outflow.International Accounting Standard Board defines an asset as:"An asset is a resource controlled by the enterprise as a result of past events from which future economic benefits are expected to flow to the enterprise."

Remember you don't have to own a property to control it.Good LuckPaul

I will be in town then, If you guys want to meet up, or we can do a video chat with my partner.Some areas are better to rent out than others, but these are just from stats we've seen.

@Mark Ferguson Since I live and work in the Tri-Town area I consistently look for cheaper properties in the area and I can say they have been drying up in the past two years.

Salem, which is a very desirable area in town.

Post your area and look for a mentor from this forum in your town.

I want to control numerous bigger apartment complexes (100-150 units per complex) in c neighborhoods.As far as financials go, i'm doing well.

Grew up one town over and now live in Springfield.

Our best deals were brought to us by bird dogs.I always look at establishing relationships with a few bird dogs in each town we are looking at buying in.Once they know your criteria and that you have the capacity to buy quiet a few houses your phone wont stop ringing.We pay a $1,000 them commission whenever we buy something.Thanks.

What I wanted to know is when you see these large skyscrapers and large buildings being built around your city/town, is this what usually happens, a couple groups of organizations get together and buy a large piece of property.