No, you cannot "write off a new truck every 3 years" as these reckless YouTube professors suggest.Prepay or delay personal itemized deductions.

My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.

Looking to make new connections here.Are you looking for local community banking for lending and real estate related purposes or for personal checking and savings accounts?

Like Jonathan said, in-person meetings with other investors is the best place.

Maytag and Whirlpool are good imo.I personally also avoid ice makers and water dispensers.

So rather than just market suddenly for 60 days when a property opens up, you're developing your personal brand all the time.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Personally, we would not do that deal.  

If you own cash, then you will probably have to get a loan to buy out the other person (most people don't have hundreds of thousands of dollars sitting around to buy someone out). 

Personally, I wouldn't use a heloc to then go purchase a primary residence, unless what you can rent the current SFH for enough to cover the current mortgage (assuming there is one on the property) and the heloc payments.