Flipping and wholsaleing is taxed at much higher rates than a buy and hold strategy as the cash flow is taxed at passive income ratios and the gain from the sell (after 365 days) is taxed at long term cap gains rates, currently at 15%.Jsut food for thought.

That woman is on social security, on section 8, and uses food stamps.

If your vehicles are full of tools, hardware, and fast food bagsIf your idea of a great weekend involves looking at houses, showing houses, and fixing housesIf you hate permits and nosy neighbors reporting on your renovations to the city

Too much food . . .

Warren Thank you for the tip, I guess you can not go wrong when food is involved.

No heavily processed foods, (chips/dip, fast food, cake, pie, ice cream, soda, white flour/sugar, canned/frozen foods,juices) I cheated alot over easter, and christmas, so it happens.

Now, gasoline costs twice what it did 10 years ago, food costs twice what it did 10 years ago, but, if REAL ESTATE costs twice what it did 10 years ago… we’re having a bubble, and all of the experts are going to come out and draw a bunch of dumb graphs to prove the point.

Fees are established under the applicable HUD program.Eligible Grantees:HUD-approved lenders, such as banks, mortgage companies, and savings and loan associations, can make insured loans for single-family mortgages under other FHA programs, which HUD processors may then elect to insure under Section 223(e).Eligible Customers:Individuals and families whose property is located in an older, declining urban area are eligible to apply for Section 223(e) mortgage insurance.

Of course, that depends on your definition of the income levels.There was a report out in the last couple of days that 28 million Americans are getting food stamps in 2008.

One expense I was wrong about was food expense.Since rental property is a business, I thought I could write off my food expense, for example, taking a lunch or dinner break from working on my rental property.