For someone focused on investing vs. traditional sales, look for brokerages with experienced investor teams, mentorship programs and agents active in acquisitions.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Is Peter Conte program is definitely a fraud.

A penalty tax is assessed equal to 15 percent of the amount involved in the prohibited transaction.

Since these actions are very state specific, and involve an understanding of esoteric features of civil law, it’s vital that your friend engage the services of an attorney specializing in ASSET PROTECTION and licensed to practice in the state in question.  

Utilizing CREATIVE strategies can ENHANCE your wealth building, IF you know what the heck you’re doing, but creating an investment program around creative strategies rather than using creative strategies when and if appropriate will at least quadruple the time it takes to build a portfolio, if you’re able to generate enough deal flow at all. 

.: You would have to be NUTS to get involved with one of these multi family investments right now.

I have purchased over 18,000 units of multifamily and have so many lessons and would have done things a lot differently based on what I know now.Real estate can be a risky business due to markets turning, but also because people are involved.

Plan for 15 to 25 percent of the electrical budget to be discovered work.Biggest early mistake I made was not getting a structural engineer involved before closing.

Foreclosures are rising in many markets and I suspect a portion of those may involve subject-to deals.