Wishing you all the success on your real estate venture!

I have always heard capital gains is terrible, etc... but I have a business partner in another venture and he says when you pay taxes it's meaning you are making money.The other thing is my ordinary tax is at 37% (fed/state of Iowa) and capital gains is at 24% so wouldn't I rather hold the property for 366 days and pay capital gains?

I hope to learn a lot from everyone and look to the forum for answers to my questions.I currently own a travel business and also work in the financial industry, so real estate investing is a new venture for me.

I use creative finance to help people that are stuck with a have no equity in their pretty houses, or in a minor rehab and I'll do a joint venture with the home seller if the wholesaling method doesn't workI try to give a cash offer and it turns off her with every home seller lead I getAnd live like the golden rule: "he who lives the golden rule gets the gold here too"

If you are sharing in a split of the profits and its a one time deal i would look at forming a joint venture.  

You should always go with the venture that you feel comfortable to tackle. 

However, there is another reason (probably) why the OP chose to set up his business lines as two ventures. 

If your not aware of all this I don't' know were your town is specifically but I would take a ride there and check it out. .I would start buying 4 plexs if you want buy and hold or small apartment type buildings way before I ventured anywhere else.Like her Orygun sometimes we can't see the forest for the tree's 

Like I said, personally, the return isn't there and I don't like venturing into the punished zone tax-wise.  

All the best of luck on your real estate venture!