These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.

If you want immediate answers and help on a certain subject or area, multiple experienced members and leadership team members will be pretty quick about answering questions or connecting you with the right person through slack. 

You can find his YouTube channel at:facebook.com/platinumresortassistedliving He is all over this subject and he is in Georgetown, TX.

You are using the projected rental income from the subject property.

As a former employee of Kristin Witherspoon, I was subjected to repeated instances of non-payment, which is a clear violation of basic employment principles.

Quote from @Jay Hinrichs: Quote from @Don Konipol: We have a saying in Texas that seems to apply to the subject of this thread“Big hat, No cattle”. 

With real estate, you’re owning a physical asset that’s less subject to daily fluctuations.

The sooner you can send offers out and get a deal in contract and past inspection at a price that works it will put you in a good position once that subject property closes.

Once you become licensed you subject yourself to all the laws required of licensees, including the requirement of broker supervision.