Hey All,I have a property on my radar that will make for a really good deal numbers wise, that I want to flip.

Giving up 40% to uncle Sam vs. continuing to invest tax-deferred does not sound like a wise financial move...

I would like to do flips as well as holds, but for the time being, with my limited capital, I believe it's wise to start with a BRRR to build history, credit, experience.

It is a free country, but messing with your lungs just isn't wise.

Again, personal preference, but an even worse idea (cashflow-wise) than finishing the basement.

So there is no question in my mind all these folks that think Hey I will just help these people and let them invest with me while I do all the work.. etc.. run a huge risk.. and for what to buy some low value asset to make a few grand a year.. not sure like I said why anyone would do that.. but I suspect its taught at some of the note schools.. and we know gurus are not on the front lines of what is legal and not.other wise there would be no reason for the bigger established players to create 500 series funds.. no need at all they would just JV all the notes.. easy peasy... in CA you can fractionalize notes legally without securities but you need to be a CA broker or NMLS or have consumer finance license all these states have their thing.. that was part of my problem in Oregon..

just charge ala carte  fee for acquisition and fee for rehab management.. there are a few vendors I deal with in the mid west I call it turn key light.. buyer gets a little better deal.. operator does not incur holding costs and associated risksother wise just flip it.. as hot as Vegas is ...

@Karl SchnitzerReach out to @James Wise   His company has agents and does Property Management in many parts of Cleveland

You have a huge multi family presence in the Hollywood area as well just have to choose wisely there...good luck!

I am happy to say that on August 31st, 2015 I went into an 8 to 10 hour surgery and came out cancer free (the additional chemo sessions through December were as a precaution).Now, I was on a serious mission to get back on my feet financially and health-wise and was armed with a completely new way to look at life.