So again, that supports the argument that you don't make you money until you reinvest it.But, I don't think most people care about the semantics...so I'll stick to my belief that you make the most money (in the form of equity) when you buy.

This thread is yet more evidence to support my belief that retail sales are all about working for the bank, not the buyer.

I have become so intrigued with real estate investing that I am on BiggerPockets religiously, reading and learning every single day!

Contrary to some opinions, my belief is that if you ASSIGN your lease option (whether to the seller or the tenant/buyer) the option consideration then becomes an assignment fee (to you) and should be reported for tax purposes in the year of the assignment.

to see some of the core beliefs of BiggerPockets.

Once I did that (and followed it religiously) everything else just fell into place.I'm a HUGE fan/follower of David Allen's Getting Things Done (GTD) http://www.davidco.com/ and no other software that I had used in the past really worked well for me.

I do not intend on speculating on appreciation, my belief is that housing is creeping up in my area but I doubt it will significantly appreciate for years due to rising interest rates etc...

However:As already stated, ownership should not even be in question since he didnt put up anything of value.My belief is that if he was truly concerned and wanted to see you do well, he would coach you and be less concerned about getting fees or ownership off your deal, especially if he is good enough to make money with his own investments.

I am motivated beyond belief and know that I can over time turn $50k into a million.

But religious tax exemptions get reattached or removed on May 1st of each year.