Is the lead drug dealer in the 50% and are any of the others his minnions?

Contrary to popular belief, paying cash in this country is still legal and doesn’t imply your a drug dealer or doing anything untoward.

Irish Kevin"

Or in Cali we can sometimes get import dealers from Mexico to take them down South of the Boarder.

That's like buying a car based on the write up from the dealer and not test driving it to see if it's a good fit for you. 

Originally posted by @Matthew Irish-Jones:Account Closed..

Even if you don't take the final, like I decided not to do, you will have all the education necessary for 'wholesaling'.See my post on this topic on why I put 'wholesaling' in quotes (hint: it's unadvisable for retail real estate sales per NCGS 75-29 ... if you are wholesaling 100 mobile homes as a dealer, then maybe)

But, if it's earned income you'll have Social Security/FICA, both sides of it which is about 15%.However, do enough of them and the IRS will consider you a "dealer" and you'll end up paying FICA anyway.Despite the dollars involved it is often a better idea to just collect the fee.Regardless of which route you take all of your expenses involved in making the deal happen are deductible from the gross income.

My questions is reading all these dealers posting on the forum, they seem to be pretty big and strong in the industry because they have props nationwide meaning they are licensed in all 50 states.

I have bought a lot of low income properties that had drug addicts, drug dealers, drunks, and other losers in them.