Wondering how the rich seem to get richer, while the working middle class works the hardest with practically very little to show for it in the end?

Hello all.I am a newbie  and step one for me is saving for a down payment and practice analyzing deals.

Without trying to be insulting, it is pretty small potatoes if you adjust your selection practices a little bit.  

Is this a common practice?

Here are some examples:Marketing - Developing a compelling website, pitch book, and other marketing material.Credibility - I lack the practical experience to convince most potential partners.I feel like the solution to this is to put together a dream team of experts for an Advisory Board.

Hey all, Wondering where people go to find  Real estate deal financials so that I can practice deal analysis  using real numbers.

When wholesaling, it would be important to disclose to the seller that you are a real estate agent, but in this particular case you are not acting as an agent, but as a principal, operating solely in your own best interest, with no agency duty owed the seller.if the seller, their attorney, the real estate commission, etc. is able, after the fact, to make the case that in your wholesaling activity you were not a principal, but an intermediary, then you would be potentially subject to fine, license suspension or revocation, liability for seller's lost income, and possibly treble damages for deceptive trade practices.  

We are on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.

:Say you have a credit card bill with 1000 transactions, just keep the receipts together for reconciliation purposes.You enter that as an invoice that's your 1 entry, then you enter all those 1000 transaction in 1 JOURNAL ENTRY, not create 1 JE per transaction.Good in theory, not so much in practice...If these are material purchases for flip projects, not all of those entries are going to relate to the same property. 

If they are doing hourly or salaried work that is not "the practice of real estate", then you're fine.For anything that falls within "the practice of real estate" in your state, you most likely would have to pay their broker/brokerage - so they would need to have a sit down with their broker about how the fees would be allocated between the broker and the agent on the receiving end.In California, the practice of real estate is defined as:"a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:  (a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or puchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity.