Been lukewarm to the whole idea of becoming a real estate agent but this situation (and a few others...) lights that fire a little...

I realize it is -- or may be -- a unique scenario, but can anyone shed some light on anyone doing deals like this?

I picked up a huge 2 fam in West Bergen Right by the light rail a couple months ago thats going to make a lot of sense for a house hacker.

With the $27,000 difference you can begin investing in some interesting deals meeting your risk, time, and profit potential criteria.When put in this light how ridiculous is it that people will spend $38,000 for “mentoring” to “learn” one specific investing strategy that may not work for them, from someone who may not have successfully implemented the strategy himself or may have just been luckily if he had.

I’ve bartered for mowing ,painting , and hanging a light fixture .each and every time it was done poorly and that’s if they actually even bothered to do the project .

I’m trying very hard to get my partners to focus on lightly distressed properties for our buy and holds that we can fix and refinance.

DB,Tread lightly until you learn the rules.

It's based on a lot of factors, such as amenities offered (i.e. fitness center, clubhouse, swimming pool, etc); costs to operate/maintain common areas (i.e. landscaping, electricity for common light fixtures, gates, repairs to roadways, parking lots, etc); cost of any insurance that's required; size and age of the property and infrastructure; planning for future capex projects for the property; etc.  

As @Eamonn McElroy pointed out it must be done this way and depreciation cannot simply be distributed differently by the CPA.If I recall @Brian Burke once mentioned that he has done this form of agreement, perhaps he could shed light on the specifics.I have one friend/client (most of my clients end up being friends, if they weren't beforehand 😊) who as the GP gives all of the equity to his investors, and he only takes fees, and proceeds, thereby giving the investors all of the depreciation.

Investors, managers, and BP junkies,Looking to see if anyone can shed light on something I’ve been considering.