For example in my area most properties are listed with a TRUE cap rate (including all expenses that most people leave out) of around 5 or 6.

You have to pay off yoour $102K loan, leaving you $39K.

I was wondering how you go about looking for employees and how you set things up as far as entities are concerned.

As far as health care plans are concerned, that's going to largely depend on what's offered in your state.

But, you have reason to be concerned.

hello all, i must say i have to agree with the rest of the crowd here, but i also must say i agree with your concerns jeff88the lawyer i'm thinking about using charges $320 per hour, so you can just imagine how that fee can add up when drafting and reviewing contracts, especially with me because i'm focused on commercial real estate investing (were everything is in more detail and etc)so i guess you have to find a lawyer that you can trust and that will agree to do certain task like contract review and etc for a set price, so that way you'll know what your getting into (well what the final price will be). because the worst thing is get some huge bill for something that you know probably only took the lawyer an hour to do, but they jack the bill up to get paid more.

That afternoon a different client (early 70s) was very concerned that he didn't have enough money to live on and that he might need to increase his withdrawals from his investment portfolio.

This morning Wachovia Corp reported a dismal quarter which heightened concerns about how corporate results will fare amid the ongoing credit crisis.The nation's fourth-largest bank suffered more write-downs linked to its troubled mortgage business, and slashed its dividend for the second time this year.

Collectively, the 4 partners will come up with the 20% down + closing costs to get each house and then split all expenses equally.My concern is, how do I get financing for houses under this setup?

One of my concerns about borrowing more money is all the news I hear about banks going through hard times and what the future may hold.