Sole props are included in the elusive 25% max “pass through” tax. 

The cap rate tells a story, and in many cases that cap rate looks good on paper, but realizing the rate can be elusive!

We are looking for the elusive flip house in my area, the classic 3/2 block house with high enough comps surrounding to support the 25-30% target profit. 

I have noticed that the preforeclosure folks are very elusive and I've found some killer deals but these people are ghosts as most have left the properties and cannot be found.

If you're looking for unicorns in the market then the relatively small amount of tax is probably worth paying so you can hunt the elusive unicorn (whatever that is).

I talk to hundreds of investors every year who: [list]Have been thinking about investing Have been reading about investing Have a friend who had done well investing (The elusive friend) Are saving for a down payment Waiting for rates to go down Waiting to finish their real estate course Waiting for their mentor to tell them to buy Waiting for summer (insert any season) Waiting for the market to straighten out Waiting till they can afford it Waiting till they get a promotion Waiting till their friend or relative can partner with them Trying to read just one more book Waiting till they buy their own house Waiting till they get a raise Waiting to graduate from college Waiting till their friend or family member becomes a realtor Waiting to be married Waiting till they contribute their maximum to a 401k Waiting till they get done working on their own home [/list:u]Then after giving me their excuse for waiting they ask [list]What happens if the toilet gets clogged?

100% rehab lending is elusive.

If they are all over the place o elusive or non-committal I do not spend 10 seconds with them.If you are shadowing a top producer they should be giving you tools and processes they use to generate business and close deals related to your niche.

That elusive search for the right next home.

Every year I talk to countess "Investors" who: * Have been thinking about investing * Have been reading about investing * Have a friend who failed at investing so that means you'll fail (The elusive friend) * Are saving for a down payment * Are Waiting for rates to go down * Are Waiting to finish their real estate course * Are Waiting for their mentor to tell them to buy * Are Waiting for summer (insert any season), to get started * Are Waiting for the market to straighten out * Waiting till they can afford it * Waiting till they get a promotion * Waiting till their friend or relative can partner with them * Trying to read just one more book, then they will get going * Waiting till they buy their own house * Waiting till they get a raise * Waiting to graduate from college * Waiting till their friend or family member becomes a realtor * Waiting to be married * Waiting till they contribute their maximum to a 401k * Waiting till they get done working on their own homeThen after giving me their excuse for waiting to start investing they ask: * What happens if the toilet gets clogged?