3br/ 1 brm - 63K/ 10% down owner moving out of town claims that it can rented out for $900-1000 easy. lets be conservative and say it rents for $800.i would need to finance the place with a high 8% loan.my monthly would be about:$416/ loan$160/ assoc fees$73/ mo taxes_______________$649$6300/ %10 down$1200 for closing cost-$700 seller is putting in.------------------------------$6800 investment/ ConC return $1812 %26 percentdoes this sound good at all?

All the folks who provide services in this business for a fee/commission.4) Rehabber - buy low (and in need of repairs), invest your time and money into rehabbing, then either hold as a rental or flip.I'm probably most interested in #4 - I've enjoyed the hands on minor carpentry/painting/landscaping/etc I've occasionally done in the past, and my primary job has given me some experience in project management (locating and managing contractors).

The investor wanted me to find this deal, and would be willing to be partners with me, but I don't want to manage the units, I would rather make the money by flipping the contract or getting consultant fees.......the more I think about this the more confused I get!!!

Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it.

Would like to establish direct working relationships with banks and asset managers to generate some BPO business for my company and avoid the low fees and the likes of the manangement companies (Clear Capital types).

I am now paying $1,000 birddog fee for any deal I buy.

Also realtor fees are usually only 6% of the sales price (195,000*.06=11,700).Now when you say "ranch" I get some concerns.

Also, depending on where you are and your market you may pay some closing costs and some recording fees for your buyer, If you are at 100% of value in your loan these costs will come out of your pocket.

What would be the best tax strategy for us as a partnership, is there one type of partnership that is more advantageous than others regarding taxes, and how do I hire a lawyer without all the retaining fees up front?

People will pay thousands to hear the big name GURUs try to teach them how to invest, so why not pay the small fee of a local REI club to find out how to invest where you are from people actually investing where you live?