Many of them sell the course at 20k a pop and that is how they “make money in real estate†Sad but true.

I do not have much money and I am looking for a deal.

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?

I am brand new to this app, and wanting to connect with people who have done wholesaling with minimal money of their own involved. 

Taxes are high in TX with real estate, so put more money down to create some cash flow.

Basically, the money used in this type of financing comes from "Wall Street".

The PM vets I know will all confirm that you lose much less by lowering your rate of (monthly) rent than by missing an entire month of income! 

The money spent doesn't make sense vs the increased rent.

This would be a waste of everyone's time and money.