All bedrooms, living room, basement, kitchen and patio set included.The asking price of this property including all the belongings is $68,000, property taxes are $2100 a year.

All the stories of ordinary joes making 5, 10,000 in a wholesale or flip makes me want to jump in faster.

Also if you are a dealer (which likely you are) this will be ordinary income as opposed to capital gains.

I waited until we owned about 17 units in 8 buildings as a regular old ordinary partnership.

When you an inspect an ordinary vacant SFH, there's no sign of a claim on the land and there's no party to inquire.

Short-term capital gains tax rates are the equivalent of ordinary income rates.

I think I answered my own question when I found the information below, but feel free to add any important information that is missing...If you invest in real estate but do not qualify as a "real estate professional" , you are limited to a maximum annual $25,000 realty investment property loss deduction against their ordinary taxable income.

He wrote another great book called Ordinary People-Extraordinary Wealth.

Step into your covered patio through French doors to enjoy the large level back yard, perfect for an all year round entertaining.

Please don't enter the property".I looked through the front door though the living room and onto the patio.