Everyone is welcome to the SE Florida investors Association Weekly Meetup @ ABC Chinese 1919 w.

I have a few questions about a deal I am trying to close on in SE Michigan, 2 commercial properties in the same commercial complex.

There is a lot of new construction around the market, and more affordable communities in the SE Georgetown area.

@Cody L.Sure, if we assume a flip, it's all ordinary business income subject to SE or cap gain and the breakout doesn't matter as much.If it's a buy and hold rental, an itemized rehab invoice allows a (competent) tax pro to determine what can be expensed in the current year, what must be capitalized, and/or how much to take in partial asset disposition on the pre-rehab structure. 

I am an investor looking to build a team in the Jacksonville/Sneads Ferry markets of SE North Carolina!

I have a multifamily in Rochester, NY and live in SE CT.

We have been looking in SE Plano, Garland, and Richardson areas but it's very hard to find properties that meet the 1% (let alone the 2%) rule.

Most people I knew who owned houses there didn't view them as investments per se as far as making cash flow; it was just to help defray the cost of owning them, and as time went on they just appreciated well. 

@Claudia Almaraz I manage Properties in Mesa, Gilbert, Queen Creek, San Tan Valley, Chandler, Maricopa, Tempe, Scottsdale and Phoenix and currently have zero vacancies.I would say demand is high in the SE Valley.

As a wholesaler, they are not an “owner of real estate” per se under the licensing statute, but they do own an interest in real estate by way of the purchase agreement which the wholesaler offers for sale or assignment.If we read the licensing rule in conjunction with the definition of “real estate broker” under Michigan’s occupational code, we find a very broad definition capturing any individual or entity that:…who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.One frequent and notable misconception is that if a person only conducts the sale of real estate on their own behalf, as most wholesalers do, they are exempt from licensing.