Shera Gregory I also write a lot about tax liens on my site in my signature.

Still in the process of funding my Roth IRA LLC and there's a property I would like to make an offer on but I won't have the $ in the LLC account for another 10 days or so to be able to write the earnest money deposit check under the LLC name.

The key with real estate is being able to tax depreciate and write down your growing income every year and then wipe it out as a stepped up basis leaving the properties to your heirs.A refi out of equity is considered a loan so is not generally taxable.Do you think the rich want to make a bunch of money only to give it to the government who can't balance 10 cents much less our national budget??

I had people ask me to write a policy then, nope, sorry, all I can do today is make an appointment, but we can do it in two days.....The company had a contest (they always have contests) and while I won many of them, this time I led the southeast region of the entire country for new applications, second I think nationally, (won a nice vacation, BTW).

Plus I can make offers within hours of a home being listed because I can show it to myself and write the contract.

There is a great write-up in the Landlord & Rental Property Questions that you should definitely read if you haven't yet called "Ultimate Guide to Tenant Screening & Renting Your House "I don't know how hands on you want to be with your property but replacing a front entry door and oven range isn't all too hard.

Again, the ability to relate to people, face to face, on the phone and in writing is necessary to succeed in this business.

A C Corp is the most complex, doubt most new folks aren't going to be writing thier own stock certificates and, they can't do thier own taxes, but that's a plus for CPAs (not many newbies are GAAP knowledgable) and insurance can be more costly.

Also, I suggest getting the tenant give you Check Writer Authorization so you can write a check out of the tenant's account automatically so you will not wait for his rent check to come.

If he has two years W-2s I'd go with that, much of what contractors do is write off all they can find, usually not a real cash expense.what's his credit?