Plus it's ordinary income so it's a nice tax hit.

It is very easy to save money working in public accounting.I forgot what my dinner allowance was working at the big four 5 years ago in a major city(I think it was like $20?)

They are mocking these up with interest only loans and factoring back in the tax deduction as if you qualified for the tax benefits of a real estate professional and factoring in the diminished first year property tax (since its not a full year).

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

@Laura GenoneI have my own information saved as a contact in my phone and it allows me to text, airdrop, or email my information to people I network with.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

Set clear goals, save for a down payment, and practice analyzing deals to build your confidence.

To make a long story short, for one property you are not going to save $ in the long run and realize materials can take 6-16 weeks to arrive.