A big part of succeeding in this game is simply staying in the game.Make sure to take the lessons from this experience so it’s not in vain:•Always keep reserves.

They simply use the purchase price as the new assessed value for the property.Has anyone ever been asked of this from LA County?

Why not simply put that extra money in reserve savings for a rainy day then?!?

There seems to be a belief throughout this thread that its alright for a city employee to come onto your property and simply lie about item after item and then send a written agreement in direct contrast expecting you to sign and return it.

@Lauren Cutchen, I have not had this happen but I would think you could simply buff the scratches out of the stainless steel.

Since we don't use Padsplit and manage everything ourselves, we simply call it co-living.

I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

Simply put the word out that you have a property and are willing to owner finance.Mike

Granted, I am sure most are simply deleting their emails, but that is a big database of people that have either taken the course or raised their hand at one point to learn more about the company. all this RE training is just based on MLM  presentations and such..

You do not operate a trade/business - they you avoid 1099s, but neither can you use business overhead deductions.Disclaimer: you cannot simply claim to be running trade or business, it's not some checkbox election.