Purchase price: $181,715 Cash invested: $62,000 Sale price: $297,000 Contributors: Adam Wright This house has 4 bed, 2 bath, living, family, dining, kitchen, dinette and 2 car garage.

Linda,Yes, I am a tax attorney and investor. 

@Linda S.Very well explained.

@Lorenzo Wright  I have been a contractor for over 30 years and when a customer hands me THEIR contract , I just leave .  

@Linda Tadych In the wake of whats going on now self reflection is a great thing, especially as Q1 draws to a close.

Originally posted by @Linda S.

@Lorenzo Wright Thank you!

Originally posted by @Linda Weygant:@Greg Dickerson - you're a bit off here, so thought that I'd jump in.First of all, you CAN NOT lend money between yourself and your IRA. 

as a new agent you need to decide where you will hang your license,(broker), you dont work on your own, part of the idea is than an experienced agent will over see you and help you work,there are many companies out there, interview with a few, let them talk, most would rather hear themselves anyway, steer clear of more independents that boast letting you keep more, not for newbees, i started out with national chains till going to remax after many years, the chains will will have additional training for you, I also mentored two other agents after hitting elite status on nationals, be ready to give some of commission for mentoring, dont volunteer it up front, you will have many fees to pay starting out, sometimes you can also be an assistant to a major agent too, you will list thru a multiple listing service that other agents used to find houses, public too, they cost also for membership, on your own you cant list on craigs and do open houses, there are some who only list and some who only sell, and some inbetween, if you are lucky enough to get both sides, suggest you get someone else to take buyers side for transaction if you have iron clad relationship, or stay neutral, some list only to take buyers elsewhere, one house one sale, one house many buyers, what ever you do stay intouch with listings, plus with national agency lots of experience, lots of ads, national website, referrals,traing avail if you got in this to work from home and make a large commission right away you got sold, fees will eat you up, sales take time, money and experience, some get in it to buy their own, that is an option too, do lots of phone time, stay friendly with all in office, avoid politics of all kinds, do rentals to pay the fees, they can  turn into buyers, expect to make first listing within 3-6 months, sale 6 months, till up to speed, my standard was 2 of each a month, some more some less depend on season, can tell you stories.... doing floor time once had buyer walk in, said wanted to spend no more than 2, turns out was million, no one wanted to do floor time, also my first listing was a real frank loyd wright home, other agents would me give their rental lookers, be willing for all, I worked in area of NJ where a famous golf course is, was one of few that belonged to all 3 mls, so had advantage, a $1500 corp rental relocation will some day buy, get to know the relo person, we used to give nice gifts to clients, make it something they will see everyday not flowers or candy

Year One (Save >15K)Get back home around August; go back to work two weeks later.Sell the truck and trailer.Start prepping the house for renters.Get a job at Wright-Patterson AFB.Sell all unnecessary furniture and miscellaneous.Vet and sign renters.Move to Dayton, store all the necessary furniture, and rent out a motel at monthly rates.