Looks like this thread keeps growing and growing, lets see if we can get this thread to ten pages LOL.

You just need to learn the business and do a lot better on all future purchases.To answer your question directly, unless you have a LOT of cash, you will certainly acquire a lot of debt as your rental portfolio grows.

So, you can only do this once every two year.Sell the other two lots and you may or may not have ordinary income on it.

I am looking forward to growing this next year personally and in my investing career.

His knowledge with the real estate business continues to grow as he becomes more involved with the variety of real estate businesses that request funding.

It is Pennsylvania and its the end of October - it is not like grass is growing wildly!

On the other hand, you get favorable capital gains tax rates vs. short term cap gains or ordinary income (and maybe self employment tax) on a quicker flip.

Those two really helped myself to constantly learn and grow as a person, and an Investor.Who out here has read the book, or listened to the audio of "Think and Grow Rich" by Napoleon Hill?

I think I am feeling some growing pains.

Always excited to learn more about making profits and providing a great product in our quickly growing market.Look forward to posting!