I keep hearing of investors who want to liquidate several residential holdings and avoid any capital gains by selling their primary residence then moving into another previously rented out home, which becomes primary, selling after 2 years and repeating the process until completly liquidated.

Well in my studies I came across the following link which I think might help new people who are starting out avoid some authors and "get rich in real estate" programs.http://www.johntreed.com/Reedgururating.htmlReed takes a no B.S. approach to debunking a lot of the programs and books out there...good way to know what to avoid for us newbs : )...

It is more difficult being a long distance landlord, but not something people should avoid by any means.Respectfully,

Can anybody advise as to which strategies in RE will work best during the current S.California market, and equally important - how best to avoid all the "Guru" scam artists out there and find a legitimate source of mentoring.Thanks all.

:D I think any "anti" agent sentiment you might be getting is because a lot of what us newbies hear is advice of how to do things yourself (such as find deals) which implies to us that we should avoid realtors and find the deals ourselves.

I am not a tax expert but have been told that this avoids gift tax because the requirement is on an individual not on a family unit.

That's just one aspect.

I've been saying I wanted to avoid being a landlord or paying a property management company, but I may have to take the slide afterall.

I look to everyone's collective knowledge to ask if there are any pitfalls I need to make sure to avoid with a land contract.

The financing is way cheaper if its your primary, you will have a payment history that will help your credit score, and if you buy right you can gain some fast equity and either sell after 2 yrs and avoid all capital gains since it was your residence, or take out a home equity line of credit to buy your next deal.