Listen to people talk at the meeting and determine who the successful investors are.Next, go sit in the same area as these successful investors and start up a conversation with them.

The con is that there is still no guarantee that the buyer will make the payments, and the Seller might still dreag you back into it (that's why it's good to have the Disclosure).The other way is to place a mortgage for $1 on the property with the stips that the mortgage can not be paid off until the 1st mortgage is paid; any default on the 1st is a default on the 2nd; and the 1st and 2nd must be paid in full by some pre-determined date.

Unless you meet certain criteria, you cannot unlock equity via a HELOC.Put simply, there is much more flexibilty in the US REI market, and for now, that is where my investment dollars will be headed.I am loving the rehab!

You further let them know who your buyer's agent is and pass out their business cards.After you get a good reputation, you simply pick up the phone and make calls to all of these seller's agents when you are in buying mode.They love it!

The reason I went for weight training is simply because he mentioned it, and seemed to be heading in that direction.

Determine which neighborhood(s) you are interested in investing in, and watch/study the MLS for those areas daily.

My day job is as an IT auditor for banks and I don't honestly believe that a bank would be involved with any investment that has that level or returns... simply put... its just to risky, and banks are some of the most risk adverse businesses out there...In addition if you google this term it does not return any usable results, which does not necessarily mean anything but I would expect if this were something that was legitimate than someone would have posted something at some point about it....Be weary... very weary...

What I recommend you do to determine the path you should take to start reading this site.

Determine FMV and transfer with gain from S-Corp.For #2 would the gain just be the depreciation recapture?

That's what a forum is about and so far you are being very elusive.I understand your 50% rule of thumb completely, I just do not think it is accurate for all investments and I make a personal choice to use other calculations.I have said on numerous occassions that the 50% rule is simply a way of stating that the operating expenses in the United States for residential rentals run (average) 45% to 50% per year over time.