(technically, they get an 8% preferred return and I get a 6% developer fee if all goes to plan, then we split any upside after that).In your situation, if you and your two buddies all put in cash, and all have some sort of management/decision making roles, you could divide the ownership and upside according to your capital contributions.

There is never a guarantee of anything when it comes to financing for investment properties.

I am reading alot about yellow letters as well and developing my own system, I'll write up a post about it once it starts working out.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

$1000/mo-$120/mo HOA-$775/mo Mort=$105/mo to pay Ins and tax...guaranteed you will be out of pocket every single month even if nothing breaks ever.

The good: money is guaranteed and direct deposit.

At least the money is guaranteed to be available for 20 yrs, even if the rate spikes.

The Section 8 voucher is a guaranteed payment of the rent and affordability is not in question.

Well @Carrie Smukal you're going to need to get past whatever makes you feel that way, because building code inspections are happening just about everywhere in the developed world.

I'm new to the RE and currently living in miami beach and I seen a lot cranes going up and lots developers marketing there projects lately, not sure if it's another recovery or another cycle of foreign investors buying up property .Also Im in the process of starting DM ( yellow letters ) in the miami area any words advice ??