Using an LLC for this ordinary trade or business will cost an additional 15.3% in Self-Employment taxes.

When my wife sees me doing repair work, she is amaze at the things I can do and gains full confidence that we can do this.

You will be an active trade or business which is subject to self-employment tax.

Please tell us something about your self and your investing goals.

I thought this article would be an interesting read for everyone . . . not very confident in a recovery anytime soon:Pain Street USA: '08 housing outlook

I was whining about how much of my businesses profits are eaten in taxes (I am self employed).

Are you confident that the market will absorb your product at a price level that pays back your investment and provides a return for the risk taken?

Like all confidence scams, this setup plays off of the ripe greed and/or desperation of property investors and homeowners alike who are holding houses they need to move.I have yet to determine how widespread this scam is.

Hello, I am a young and new real estate wholesaling investor (so new that I havent done any deals yet), and what Im looking for is someone in the chicago area (I live in Elgin), who has done at least a couple of wholesale deals, and can meet with me personally and help me learn the ropes, and get a couple of deals under my belt before I go completley solo.I'm not sure if this is where you would post something like this, but it seemed to be the best that I could think of.I have been looking into real estate and researching it for about 5 or 6 months now, and I feel confident enough to where I would like to get in the game, but like I said...not solo right away.

You can't buy coastal property in my mind without alot of money and, I presume able to self insure.