The IRS can disallow the tax deferred status of your entity, and deem all income as taxable in the current year (and also any prior year retroactively) as ordinary income (at the hideous incremental rates about which we hear so much - 28/31/38 or more percent - plus over 20% penalty under section 6621, plus interest, and all that will come to a serious chunk of change, so be carefulJim Kennedy, CPA

Hey, I live in Holland, and invest in Grand Rapids currently.

Thanks @John Mathewson This year I am looking to grow rapidly and have a strategic plan of growth that I am following.

There is a lot of variety along New Bern Ave, and the area is changing rapidly.

This is why I work at BiggerPockets and why I save everything I can and learn as much as I can so that I can invest in real estate and rapidly make that a dominant source of income.And, I believe that for many people starting out on this journey, this comes down to being smart with the biggest parts of their spending - namely housing and transportation.

These properties are located in the Grand Rapids, MI area and are a steal for the location.I would like to purchase each one separate and complete back to back rehabs,.

I can't recommend Grand Rapids and West Michigan too highly for investors. 

If you're at auction.com the price will increase very rapidly towards the end auction time.  

All of our units are in Marion and personal residence on NE side of Cedar Rapids in Linn Mar school district.  

Hello All,I am new but very motivated to learn. I currently do not own my own home should that be my first step? Its  not that I cannot afford a home its my credit that is the issue I am eager to get involved in house...