What is a good way fellow BP'ers would summarize why REI is a great strategy for wealth creation.

Under this massive regulation we have the creation of criminals and possible rescission of notes if guidelines are not followed properly.

I want to start off wholesaling properties to gain capital to rehab and flip, and from there purchase rental properties for passive income and long term wealth creation.

There is actually a legal way that you can avoid the foreign filings or creation of a new LLC in Pennsylvania for these properties.

Pretty great name if you ask me, WCAP, Weathl Creation and preservation.

But I know, LLC creation is easy and you can always convert that to S-Corp at a later point.I vaguely remember my attorney also say that I will have twin liability (paying the NV or WY or DE specific taxes + the CA LLC tax).

Friday’s disappointing jobs report surprised analysts, many of whom had expected job creation to rebound from a slump in May. “Any way you cut this data, it’s lousy,†Diane Swonk, a senior managing director and chief economist for Chicago-based Mesirow Financial, told CNBC Friday.

I do have a principle residence in Calgary, and if I was solely focused on wealth creation I would have sold that too and rented for our own shelter needs.  

(Good idea IMO) No more shady listing agents handling competing offers...Unfortunately you have to register to be a HUD Selling Broker...One would assume that registration would be a simple online process requiring the creation of a login and verification of ones RE license number...

A simple performing first lien will have no extra costs other than Assignment creation and recording.