My tax guy is checking into the depreciation thing, (it is my first year, and his first SDIRA, but he has a good source for info on it).BUT, even if you can not use the depreciation, I say 'so what'.

Some of the lessons learned are shared in this article, and I want to share those lessons related to the financing of the purchase.Financing is always the biggest piece of the puzzle in commercial real estate.

I have been looking at unemployment, and population using city-data.com.What are good sources of data for Job diversity?

When I open my data source in Excel I get a an error message that says "This file needs to be opened by the Excel Workbook text converter, which may pose a security risk if the file you are opening is a malicious file.

My biggest gain in this whole thing is do the numbers and look at 100's of properties a week to get a feel for the markets and property's in the areas your interested in.

@Dennis Lanni what is your source for your leads to begin with, are you calling every code violation from a county?

i think the biggest lesson is to never quit, when times are tough and nothing is happening re-group and find out where your going wrong, its like in think and grow rich, a man bought all this gold mining equipment and moved to Cali and he dug for what seemed like forever with out hitting the gold vain, so he sold his stuff to a local junk man for pennies on the dollar and the junk man hired a survey guy and he said dig 3 feet from where the man stopped digging and when the junk man did that he hit the biggest gold vain in history, so any new wholesaler out there reading this, never give up cause you could have stopped 3 feet from gold, NEVER GIVE UP punch through those obstacles and win.

As far as your $25k rehab estimate, if you haven't seen the inside, you have no idea if its $10k or $80k,,,Just go see the house, get a contractor to give you real bids, don't just think "plumbing, $x, electrical $y,,unless you are an expert.Just slow down, don't "try to make something a deal", just see if it is a deal.If it is a deal and the numbers work, great, but the biggest mistake you can make on your first deal is trying to make something work,,,look at a lot of properties, you will know it when you find the right one (and this could be it)I'd rather see someone have your energy than someone that is looking for reasons a deal can't work,,your going in the right direction,,just slow down a little bit

Hello All,I'm new to BP and am using this site as source to educate myself about REI.

Then again where else can you get 10:1 leverage from a conventional source (with out seller financing to aid)?