Done correctly, it is hard work and requires an enormous amount of specialized knowledge. 

Westside of Lakewood you can get those rents if your place is enormous and super nice, which I'm doubting a bit at a 150k purchase price. 

I havenot fone any wholeselling with them but this is what I have put togetherso far in Vegas.Here is how it works:Over the past 7 years the Vegas Valley has seen enormous growth in the housing market and home values.

I am going to assume you don't declare that income to the IRS on your tax return and pay the proper amount of taxes on it.If it is not on your last two years of tax returns,you will get no credit for it from the traditional banks and lenders which means you ability to borrow money will be based solely on what little you do declare and have taxed properly.Your savings and checking account s and stock holdings are irrelevant,only your verifiable monthly and yearly income.Your only choice would be a hard money lender at an enormous interest rate.

When I was 13 I started my own landscaping company in NJ (Divine Landscaping) and just recently started a video production company (Non Stop Productions).Through the 4 years I have been in Raleigh, NC I have seen an enormous change in real estate and I am tired of sitting back and watching other investors get rich quick. 

It gives you a firsthand account what burning hard work, a no nonsense/balls to the wall, desire to dream enormously attitude can do.

Most conservative folks would say more than a year but there can always be circumstances where less may be acceptable or more required.You're absolutely right about the enormous tax bill generated by ordinary income coupled with self-employment tax, and HCA surcharge.  

We've since sold the property, and I now have an enormous appreciation for 3rd party management companies. 

Jorge Borjas Ignore SEO for now, it's a long-term investment and the uphill battle you are facing is enormous.

Let me first say: WOW, that's an enormous amount of work.