We also do deals together and are a sounding board for each other for business advice.If you want to get a flavor of the local market, I would suggest attending local meetups and REIAs.

Your area, jurisdiction and the political flavor of your courts influence whether or not an LLC is right for you, so see your attorney.

You're clearly well informed but I was curious whether you'd been able to put that to practice yet.Hi Michael, as you probably noticed from subtle statements in my previous posts I have not bought any RE yet.

One subtle point to remember is that cost segregation is only applicable to new depreciable basis, so if a property is acquired through a 1031 tax deferred exchange, the investor will not be able to apply cost segregation to the carryover basis from the relinquished property.

I'll probably know a "crash"  but for more subtle corrections what indexes, graphs, news, media should I be looking at and reading (ie) CPI, Wallstreet Journal, MLS inventory, Or maybe I shouldn't look at media at all?

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Boy did we miss out.But, honestly I have had subtle inclinations to revisit it, but have been concentrating on other areas.

Cheers...We may agree more than disagree, the fact that an RE broker/agent already knows a buyer doesn't change his position of introducing the buyer and seller, he still acts in a brokerage capacity, so does the wholesaler doing the exact same thing, just with different documents.I agree too that the agent has a different responsibility, netting a profit as a wholesaler does can be a net listing, illegal in most states and consider except CA, where disclosures are used, which doesn't change the nature of the flavor in my mind, but whatever.Fact is too, that not all commodities are treated equally, in business aspects, some commodities are considered more valued to society, to our national economy, that have implications reaching further than just between a buyer and a seller.

Everyone has knowledge to share, free or paid, and everyone has a different flavor or music bringing it to the people ;-)That’s what makes us exciting and human :-)Keep learning, keep asking, and go out there, think BOLD (Peter Diamandis), find your music and let it out!