If we can open a place that promotes both, than we will be doing a great service for our community.

Yellow letters is a very small shop (I asked once) so perhaps they can get backlogged and overwhelmed (probably from all the free promotions/referrals on this site!) 

Amusing how promoters tout depreciation as one of the big attractions to buy and hold, when in fact you have to recapture in sale year. 

However, using it as a promotion or negotiating element is useful.  

I know there are like a million real estate courses out there are gurus who promote them, but I was wondering if anyone here has any recommendation for a course that specializes in teach how to invest out-of-area, particularly wholesaling.

Finally, if you have a promotion or management company (distinct from the ownership LLC of any given property), you might want to have that be from the state where you live.  

The New Bureau of Real Estate and Its Enforcement, over 150 real estate licensees and real estate attorneys gathered on Monday to hear the new California Bureau of Real Estate (CalBRE) Commissioner speak about his current agenda.INDIVIDUALS PRACTICING REAL ESTATE WITHOUT A LICENSE MAY RECEIVE CRIMINAL CHARGESCommissioner Bell emphasized that his goal is to promote a fair, competent, and law-abiding real estate industry in California.

-You'll get that promotion you've been dreaming of for years in your 30s.

NoOhio Revised Code4735.01 Real estate broker definitions.As used in this chapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

If you are in the 30% tax bracket, that is approximately a negative 25% ROI for the plan principal that you borrowed.And, you will be taxed again when you eventually withdrawal this capital from the 401k in retirement.So, the benefits of borrowing from the plan in order to fund an outside deal need to be well worth it.In my opinion, too many folks look at this as "easy money" and promote the 401k loan as a great way to get started in real estate.