I just found out today that my current deal which is supposed to close this Friday is subject to the FHA anti-flip law because the purchase price was less than half of the sale price to the current buyer.

This is an anti jump-and-dump rule.

Originally posted by The ANTI-Guruâ„¢:Originally posted by Jeff Z:I was just curious, if the experienced investors here had to start all over again, right now, and were able to know everything they've learned along the way, how would you go about beginning?

I am very anti-guru.More than you need to know is available right here, just watch who you listen to.

Rent increase=anti-inflation. 

Most can't get past bullet point #3, which is where theory (all the things you love about 203k in theory) hits reality (reality: listing agents hate dealing with FHA 203k and most will "anti-sell" your offer by telling their sellers to throw your offer in the trash).

I give up...t this point I'm just hoping the Anti-Speculation Tax doesn't come to fruition.

There are plenty of folks on the forums who are anti-turnkey, but you also want to evaluate it from several positions:1) You have a W2 job and don't plan to quit it to do full time real estate.2) You have no connections whatsoever in a marketplace that you like.3) You want to avoid the cost and time overhead of linking all the pieces together.Well oiled turnkey operations do make their money up front.

In NY we don't have a "standard commission",  and they are pretty big about not claiming there is one for anti trust reasons. 2.

its an anti wholesaler initiative  in a way we already did that in CA OR and WA there are strict laws dealing with any homeowner that is in default for example.. this is why you have to send out thousands of letters to get one or two deals if your lucky the public gets the same letter 7 times in a week even the public is not dumb .. you create a message of scarcity..