If you are good enough to make 5K a month wholesaling...what I call the "short money"...you're missing the bigger picture of the real estate business.The long money...the continue cash flow from owning a free and clear rental property whose rents continue rise with inflation...is the big payoff of real estate.Let's get real...if you find properties others are willing to pay you cash for...you just sold away a lot of expertise and effort for pennies on the dollar.Get in this business for real and quit chasing the "fast but short buck".Or at the very least, stop calling it "investing"...Take some words of wisdom from Warren Buffet:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

Top 10 Reasons Why To Run Not Walk To The Institutional Buyersby Chauncey WhiteThe Residential Real Estate and Commercial Real Estate markethave plenty of differences.

I've recently attended the Mike Watson Institute 2 day seminar and I'm anxious to get started on the investing side.

HelloI recently paid for and attended a 2 day seminar with the Mike Watson Institute.

I'm a realtor in both Virginia and Massachusetts and my current work situation has me jumping all over the East Coast.

I worked for over 14yrs for one of the largest banking institution here in California, managing and liquidating their assets in all 50 states, It is great to see this webside and the people in here...will be glad to share any of my knowledge with you all....God Bless you all,

Also, I'm not a tax/legal guy either, but I first read this in a NOLO How to Start an LLC handbook, checked with my State Corporation Commission (who licenses LLCs in VA and MA) and they ok'd it and I've used it for four years, without problem so far.While I agree with allcash and biggerpo about intentionally violating the tax regulations, I like what you said about donating some of your profits to a charity.

Here in MA, appraisal firms and mortgage brokers are allowed by MLS to buy subscriptions.

Hello everybody! My name is Luke, and I am a High School Student living near Boston, MA.

Naturally, I'm not looking into buying/selling real estate. Rather, I am in this for the learning experience. Afterall, its ...

I am a licensed Real Estate Salesperson and a Certified Residential appraiser here in MA.