Just starting in the Real Estate businessHey everyone, just starting in the Real Estate / Raw Land  business and am eager to learn as much as I can as I make progress in the upcoming weeks.

If I was a betting man, I bet you paid thousands of dollars for something that can be done for $100 and they have ownership interest or referral fees for those entities

I won't be surprised if it passes and becomes a law, after all US is steadily and progressively plunging itself into a lawless, Orwellian, Third World Country status lately.

However, @Bruce Lynn provided a great reminder to remember all of the expenses that could be included in your cost basis; again, a CPA advising you specifically would be the the best bet.

Also the outside will need the shrubs to bet cut, a good power washing, etc.  

I bet I spend less than 10 minutes on every rental and we consistently rent 200 days a year.Rental history - Unlike long-term rental cash flow, the history of a vacation property is not always translatable to how successful you will be with the property. 

@Brian BurkeI bet none of the investors asked the question of “what does the capital stack look like on this deal”Probably was variable rate debt as well…

. :-)I'm willing to bet that the real GCs in Texas are every bit as good as in Cali.

Richard Helppie-Schmieder Group Saturday mornings 2x month at 8am sometimes in Carrollton, sometimes at projects in progress.

Much safer bet would be to buy an existing home with a view in a nice neighborhood.