They build authority because it is proven to increase sales.People with authority and platform get more leads, negotiate better deals, find investors, get free publicity and earn more money than their peers.I have seen this done with realtors and of course, there are the "gurus" who use this method.But I was thinking, why can't investors use this in their local market?

Hi Kenny Dahill the 50 continental states recognize land trusts.

But essentially, if you are a dealer and you sell a plot of land for a loss, you are allowed to recognize that as an ordinary loss.If you are an investor, then you recognize it as a capital loss.Same with the profits. 

Sorry, Gil, I didn't recognize the gravity of the situation.

.- Wholesaling is also a LOT more recognized then it was 15 years ago. 

I have been able to renegotiate based on the inspection contingency but I try to recognize most of those issues ahead of time.Good Luck.

Those people are great at recognizing problems (like that's hard), but not good at solving them...so I walk the other way when I hear those words, because those people are a waste of my time.All those people that tell you "it's too risky" are not worth hanging around...or at worst, asking them for any advice. 

I was thinking in/around the San Bruno area (which I recognize is still not cheap).

Since IRS is based on guilty until proven innocent mentality, if I am audited, I would never be able to prove my write offs are ordinary and necessary to my business.

However, the best deal that I had was that it was my first deal, and one that has proven to be successful and fuel my fire and passion of real estate.