You are leaving out quite a bit of expenses you will incur so your cash flow projection is way off.If you get $2k a month in gross rents, you cant pay $180k, regardless of terms and expect to have consistant cash flow.

Unless you are consistently getting performing notes yielding more than 20% I don't see the value.

When I asked why I was not involved - I was told it didn't matter - as my shares would not change the voting decition.I don't have a problem signing - but have valid questions I need answers to.Question - While my shares would never consist of a majority - without me signing the LLC - would/could there even be an LLC - if I co-own the properties involved?

It consists of one introductory course and four speciality courses in commercial real estate and unlike the superficial courses many "real estate schools" offer, these are heavy into the mathematical and statistical arenas neccessary for proper deal anaylsis.These courses can be used to meet the requirements for a brokers license.

Property was built in 1969 and consists of ten 2 1/2-story brick buildings.

he may take the write offs at tax time for the property, but you still are receiving income each month in the form of payments...you must report those, and if you have been reporting those, then it's proof that they have been paying you consistently.

If you develop a reputation as one who does this consistently, the agents will know your strategy and you’ll avoid being sucked into any negotiating games.

So now developers have to make commitments about what they build, like, how many buildings/units, how much brick or stone, and these committments are then recorded as a requirement.Even though all cities are different the rezoning process is probably the most consistant.

Hey guys , I cant figure out how they can be asking the prices on foRclosed properties that need alot of work and updating.I went to look at the following property scenario.1. property is a forclosure2. sold in 2004 for 119,0003. bank bought it back for 86,000 on 6/24/104. built in 98, 3 bed, 2.5 ba 1480 sq.ft5. two houses listed on the same street 109k(short sale) 121k6. current list price 79,9007. comps in area vary but consistent around 100k8. the property is missing the kitchen,furnace&hot water heater,all the interior doors, only thing in bathrooms is the tubs,all flooring needs done,old huge horrible deck on back of house, garage door needs replaced and other misc. items.I am running into alot of these in the area i want to work in and I cant see how they are asking these prices for these properties in this condition.Are they just trying to get a sucker and waiting for a realistic offer.

Since you have a good chunk of change to work with, if you really want to get the phone ringing, I would also throw a classified ad in your local paper, and run it consistently for at least a month.