I'm self-employed as anewbie investor, a candle distributor, and a portal director.

My name is Carmelita Sams from Chicago's south suburban area.I'm self-employed as a newbie investor, a candle distributor, anda portal director.Actually I tried investing a couple of years ago and lost a coupleof properties in foreclosure.

I just wanted to introduce my self and thank everyone in advcance for anything I learn in this forum.

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.

Though primarily interested in multifamilies, I have ~$20k in a self directed IRA and was thinking of investing in land with it.

Not only do I need the quick cash, but the confidence gained by completing the deal.I have a couple questions.1) In the current Real Estate environment, where are the best opportunities to find motivated sellers?

It is possible but you have to look at your Capital Gains/35% Self-emploment taxes if you plan to move that quick.

Hence you do not want to start what is effectvely a long term project unless you were very confident you had exits that will still work.3.

If you click onthe education link, then the college/resources link, you can take a self test tosee if property management is for you or not.

You can buy a "self leveling" compund that pours out like paint but hardens as it dries.