REO buying or REI is a full time job.I hear sometimes they spend sleepless nights researching the bounty.I dont honestly think some one doing that really has time to post in forums trying to help create competitors.

Or, if you had 10k passive loss year 1, and 7k passive gain year 2, you could deduct 3k loss from earned income year 1, and year 2 would be a wash.There are other ways to create unlimited passive losses against ordinary income, however you need to be a real estate professional (as described and recognized by the IRS) which means you have to meet two requirements: 1. you spend 750 hours per year minimum on your real estate business, and 2.

This may include cutting dow what you spend and saving that money for investing.

Anyone who truly invests in real estate knows that while you may have wealth rarely is it in cash form, and that you are never in a position to spend recklessly.

BUT I FEEL I'D RATHER SPEND THAT BOOTCAMP MONEY ON INVESTING.

I'm watching you get rich on oil while I spend $60 to fill my car.

Our office does not use buyer agreements either, so we are exposed to that risk of spending a lot of time with a client that turns out to lead nowhere, since the client may choose to purchase with someone elseThey way our office tries to deal with this is by getting exclusive listings, so the buyer would HAVE to buy through us if he really wanted the property and we have agreements with the seller that even if the seller deals directly with the buyer we STILL get paid a fee as the exclusive listing agent.

Hence, that is why I am spending more time on the net and less time on a job site.

There are also books, and if you want to spend the money, guru courses and bootcamps that teach this stuff.

I don't normally spend much time on the forums.