From: "DMX" 
Newsgroups: alt.invest.real-estate
Subject: New to Investing
Date: 11 Oct 2005 20:25:43 -0700
   posting-account=6uW8zw0AAACmYXPxdRwyQs4eFQeqLqwS

Hello. I am new to real estate investment, and would appreciate some
advice on getting started.

I have a property that I am interested in purchasing. It is Residential
with some Acreage. I believe it to have real potential for a small
Resort and Retreat Center. I plan to perform all of the due diligence
and some level of analysis once I determine if it is even realistic for
me to consider buying. There would be no immediate income generated on
the property.

I have no cash for the property. I'm not concerned about that, since
there are ways around that. But I also doubt that I will qualify for
another loan (on my current mortgage), let alone be pre-approved.

In a nutshell:

-	I have about $300k in equity on current residence
-	I own a viable small business, and have all of my other assets tied
up in the business.
-	I want to leave my business out of this transaction.
-	The new property is about $500k

I have considered:

-	Looking into forming a separate entity to handle the purchase
-	Attracting some investors, family, friends to invest into the new
business. Have the company purchase the property with the backing of
the investors. Maybe through a syndication?
-	Or maybe look into some Private Annuity Trust options?

For anyone with words of wisdom or experience-- is this scenario
hopeless, or could it be worth exploring?

Thanks so much in advance for your feedback.

Dave.
dalan_dmx@hotmail.com