If you simply throw your property into an LLC or Corporation, then fail to maintain the entity properly, you make it much easier for an aggressive plaintiff/attorney to set aside the corporate veil and come after you personally.

Technology trends are exploding towards making information easier to get for everyone and even the TelComs are bending under a public cry for municipal wi-fi, broadband over the last mile, and wholesaling information on the Internet.

The site content seems to be outstanding as far as content for new & seasoned investors but some of the message board threads go months between replies.Then I notice that a lot of the posts come from Prohabber and Biggerpo, who in my opinion appear to be knowledgeable, unselfish investors.

.- My modified AGI is over $150,000 - so it appears that I can not take this loss whatsoever.- I acknowledge that I can carry this loss forward as an offset to any gain I have in my sale, but I believe my gain isn't subject to tax anyway if I sell it by August 2006 - because my wife and I will have lived in the home for 2 out of the last 5 years at that point.- This situations get exacerbated in my 2006 situation because I am paying the mortgage and taxes without any occupancy and apparently without any tax benefit!

Just make sure that you don't get too anxious and get into a bad one.Here are my "Rules to Invest By":Never, never, never fall in love with a deal It is very easy to finally find what appears to be a good deal and to start dreaming of the riches.

It appears to me that the convergence of several scenarios has caused the foreclosure rate to jump way up.First is the sustained period of low interest rates that allowed people to purchase homes that would normally be above their means.

I plan on getting a lot of no's but I know that every one of these deals has a TON of profit in them and when the deals are that good, the money will appear.

Originally posted by "Judson":I don't know California laws (or Illinois) at all but in North Carolina it doesn't matter much to the banks anymore if someone wants to file bankruptcy they have a much easier time getting the home separated from the bankruptcy.

Two Words:FLAT TAXjust makes things so much easier.

I also have the ability to accept Visa and Mastercard payments for inspections to make it easier for the buyer.