I would like to get into real estate, either flipping or rentals but I have a major concern, I owe child support which I pay regularly every month religiously.

(Long story short, they're religious and wouldn't approve ... ahhh to be young and in love...). 

We don't allow religious thread or discussion of religious topics.

Hello BP Community,My name is Lucas Bennett, I am 28 years old, and I would like to connect with all of you.I have been reading the forum posts pretty religiously for the last 6 months or so, and I finally decided to make a legitimate profile and introduce myself.I am a big believer in learning by doing, and have worked on a couple real estate deals so far that have already taught me (sometimes the hard way) more about this industry than I thought I would ever know.

Great if you're experienced in the area, not so much when you have no leads.Quick income isn't a big issue, even without my wifes income, I have savings to support us for about 12-18 months with NO income (saved pretty religiously when working in the UK and did fairly well for myself), so I have time to build a brand, but don't know if I should team up initially to get established with deals in the USA and settled in the area.Thoughts?

Granted, homeowners may have other deductions, medical expenses, charitable, religious or otherwise, but most would not make it to $100,000 even with the mortgage.Despite the small number of borrowers a cap would affect, real estate industry leaders oppose any changes, especially in an environment where they are trying to convince young millennials that a home is a good investment.

I have been listening to the older podcast religiously absorbing the information whether I'm driving, working-out, or working by myself.

These exemptions apply to corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.†Don’t see that one working myself...REITThis one I am very interested in but to qualify as a REIT it has to follow these basic rules1, Be an entity that is taxable as a corporation2, Be managed by a board of directors or trustees3, Have shares that are fully transferable4, Have a minimum of 100 shareholders5, Have no more than 50 percent of its shares held by five or fewerindividuals during the last half of the taxable year6, Invest at least 75 percent of its total assets in real estate assets7, Derive at least 75 percent of its gross Income from rents from realestate property or interest on mortgages on real property8, Have no more than 20 percent of its assets consist of stocks in taxable REIT subsidiaries9, Pay annually at least 90 percent of its taxable Income in the form ofshareholder dividendsBut the benefits are that a REIT PaysNO CAPITAL GAINS TAX.

I forgot to mention them in my original post, but I have been listening to them religiously.

I used it religiously and it does a great job helping you crunch numbers.House Flipping Spreadsheet