Most people starve their first few years in real estate so I was very fortunate.

Fortunately, not long after I began learning, I came across a rental property deal in nearby Garland, TX with tenant in place, it's been only 2 days since I went on to put it under contract, I'm so excited!

Fortunately, my gf and I are able to do all renovation ourselves, so the $20k was strictly our material cost.

Mind you, that first deal is not going to be the home run deal where you turn into a fortune 500 company overnight.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

Hello, I've been fortunate enough to be doubling my money in the past couple of years by flipping (wholesaling/retailing), but is there any other way in real estate you could do this?

I was consequently laid off, but have fortunately built up enough rental properties to provide adequate income to live on (live on), not yet thrive.

Sounds like a local bank that BPers speak of.Hey Shanequa, fortunately I have some family members willing to lend me their cash that they are receiving zero interest on.

From a fortune cooke believe it or not!

BiggerPockets is clearly a great resource for real estate investors with any strategy and of any experience level.BACKGROUND:I graduated with my B.B.A. in Finance at 19 years old and was fortunate enough to find a decent paying job right out of school as a business analyst.While pursuing my degree, I interned at two small real estate investment partnerships.