I'm Kendrick I've been working with real esate all of 2 days now...My goal is to get my first wholesale deal under my belt within 45 days.I also want to establish a network with you all.

Even with flipping if you use hard money the lender will want skin in the game ( money down and points ) to do the loan.The reasoning is if the rehab gets tough the HML wants it to be painful for you to walk versus just handing it back to them.A good contact for flips is J Scott on here.

Several court cases support the authority of the IRS to reclassify other forms of payments to a shareholder-employee as a wage expense and subject to employment taxes.[...]The key to establishing reasonable compensation is determining what the shareholder-employee did for the S corporation.

We used to go to the Louisville area for games and tournaments.

Thank All and I hope to meet and establish great relationships.

Establish a strong enough rapport and you won't have to worry about anyone going behind your back.

Also, since real estate really is a numbers game, your math and analytical ability will really help.Don't worry about not being a handyman - let someone else do the $10/hour stuff while you use your greatest asset - your mind.

Often, this becomes an issue with any installment sale as equity is established by the buyer, if the buyer reaches ten per cent or fifty percent, states may require certain courses of action.

We seem to have similar game plans.

Hey Lori - My best advice is to make sure you establish purchasing guidelines and stick to them.