IMO someone just starting out would have an easier time learning how to wholesale than actually flipping a property or purchasing a rental.I'm able to say that it requires little start up money because I have been doing this for sometime now and have found loopholes that require me to pay put out little on mailing pieces.

Don't read financial laws looking for loopholes or ways to circumvent the intent of the law, they are broadly interpreted!

And it's not due to their assets performing poorly, it's due to cost segregation and other tax loopholes available to real estate investors.

His latest is Second Chance, Think and Grow Rich, Buy It, Rent It, Profit, The Millionaire Real Estate Investor, The Millionaire Next Door, The One Minute Millionaire, Loopholes of Real Estate, Multi-Family Millions, The ABCs of Real Estate Investment, Emerging Real Estate Markets, The 10X Rule, The One Thing, Secrets of the Millionaire Mind, and of course, The Seven Habits of Highly Effective People.

Is starting an LLC as easy as it sounds or are there special loop holes most web-sites don't tell you?

I guess in every industry there are many who will exploit "loopholes" that are actually not even "loopholes" but simply a rewording of words, which doesn't make something illegal, legal.The ingenuity of a human mind is priceless, lol.

(ie. 70% of purchase price $73k, = ~$55k).Either someone messed up, or you found a loop hole that EVERYONE should go for!

The reason is simple: the bill is junk, hastily drafted and full of exploitable loopholes.

One tip - buy a car that weighs over 6000lbs to take advantage of the "hummer loophole" - you can depreciate the entire purchase in one year.

Seems weird that this was possible and there might be a loophole to get you out of it.