When you were saying sell through a dealer, do you mean they would baically just broker the sale for a commission, just like a realtor would do with regular houses?

When times were good we were seeing teardowns on a regular basis and those were going for about $500K for about 2,300 sq/ft.

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

So neither of us have any income to secure the loan...would a bank even attempt to loan to us?

Regular hot deals should be presented.

That way, its three totally separate transactions, but you have at least a little security for the money while he has it.

How do i secure a million dollar investment?

The dollar plummeted recently when the Government purchased Treasury securities on the open market.

This could potentially replace social security with a Federal 401k.....

Look forward to networking and reading your contributions from a legal point of view.Until now, Greg was our only regular contributing attorney/investor here.Will B