I think my biggest concern is making sure that I am making the proper disclosures to show that I am not taking advantage of potential real estate customers for personal gain.

The seller could be fibbing to me (oh the shock), but he told me his tax guy said he would be taxed at his current rate long term capital gain at the net after basis and depreciation recapture EVEN if he sells to me on seller financing.

I wanted to first off thank you all for the wonderful guidance and advice that I've gained from the site over the last few months.

I have been noticing that more and more in GA in my target areas.

That would be similar to Buffet's approach, and could result in significant gains - but many of us would consider to be riskier than a real estate investment where the majority of your collateral is tied up in physical assets instead of inventory/systems that could go obsolete.

Can you work in RE with bad credit, yes, but it is more difficult and it will limit your opportunities in many aspects of trying to do business.Are you good with people, can you approach a college professor and speak to him and gain his trust in what you are saying or do you have difficulties and only work orcommunicate well with just certain people, then do those certain peopleneed a property or own property to sell?

Just relocated from North Carolina and looking to gain some knowledge on no money options for RE investing.

John thank you for the the welcome, Honestly a family member told me about a house, and asked me to parner with him, Ive been brush up on education for weeks, then i got a call, saw an opportunity and took it.As far as me know exaclty whats gonna happen in midtown, im unsure of, ill start paying more attention to sources, however is there any place special i should look to study my environment?

First, I'm not a tax professional, but I've spoken with lots of them, and this is my take...If you're treating flips as capital gains, you're illegally evading taxes.

If you buy right, you'll capture the gain then, assuming external forces don't wreck it.