Here's a couple of stories that deserve pondering...even if you've read them before.

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*Our tax system explained in terms of beer*

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The actual title here is Diary of a Real Estate Rookie: My Year of Flipping, Selling, and Rebuilding and What I Learned (The Hard Way). Sounds like it'd be useful to someone starting out in real estate investing, does...

Roger

Here are two actual examples of a relative of mine: 1998, My uncle purchased a single family (only house on the block, and it was zone commercial and residential).

The seller says that he is the executive for the estate, and that the house was owned by his uncle who passed away.

Included in the financing would be land - water sources - mobile homes - sheds - decks & a cash cow of rental income with very low expense ratio to income - a small all adult mobile home with never a vacancy, & most of the rental income comes from Uncle Sam.Also when selling something such as this - what is the best way to weed out the tire kickers?

How Uncle Sam intends to pay for this is anybody's guess, but it just doesn't seem likely taxes could rise that much without an open revolt.

My uncle who is paralyzed setup the deal.

I've paid Uncle Sam... my 120k remains in tact (plus, I also have whatever other after tax profits are left from the rehab project).

Roger, This thread is in a discussion forum, not an advertising forum.