you should have received a 1098-T in the mail.You can use the information on that form to lessen your tax liability.If you're talking about a REI course that you bought, you can talk to your accountant, give him the receipt, and have him help you write it off as a business-education expense.

These are questions that pop in my head while I'm watching webinars or podcasts and I'd like to know if others have already been in this situation and how did it pan out.

We'll fix it up and rent it out after a year if all pans out, wish us luck! 

I live in Utah where property gives in investors a great return, my husband is a developer as well we just purchased some land, for a large amount but the return if we sell it raw would be at least 1 million or if we develop it would be about 4 million. your best best if you find some property is to do some research, the quickest and easies way is to go to the city the property is in and check the master plan, (at the city planners building) they have a master map of what they project for the city for the next few years and you can find out if the area you are looking is panned use is.

$35k seems low for the proposed scope of work (if I'm understanding it correctly) but I'm looking forward to seeing how it all pans out.

The property wasn't maintained, and the "eyes of friends" I was counting on until my next visit didn't exactly pan out to say the least.I had an inkling something fishy was going on, but no hard evidence.

We finished cleaning the last bit of the home (replacing stove burner pans, etc), left the heat on and water dripping, as it is supposed to get very cold.       

that's my two cents.Watch the Movie Glenn Garry Glen Ross to learn how salesmen learned their craft or Tin men ... either one is classics Or go to a time share presentation or simply walk on a car lot...

The only new construction in this house is new kitchen and bath electrical circuits and new hard wired smoke alarms, moving washer hook ups-some cast iron replacing-new shower/tub valves and a new shower pan and frame two walls and add a door.

So if I'm going to move and wholesale and/or rehab in another state in 2 years, you're saying that I might be able to take my LLC with me (aka keep the credit-worthiness of my TIN?)