Posted by Jim on July 06, 2001 at 17:21:33:
DO YOUR FIRST DEAL, FIRST! Worry about constructing your Real Estate Empire after you start building assets to put in it. I usually worry about the “Due on Sale” clause in VERY few cases. The bank wants the money, not the property (in 99% of the cases). The best way to protect yourself is deal in “Land Trusts”. That way the only thing you can loose (in the worst cases) is the property. You don’t have your name all over the place inviting suite.