If so, then you can avoid tax if you lived there for 2 years prior to selling, so at least think about this in the context of your plans.

You've got to steer away from these conformists in the financial marketing world, they will not make you any money (unlike themselves).Now down the road you might go to the financial advisor as an expert on various aspects of real estate, with a proposal for how his/her clients can earn 8-12% returns with you, and you are considering accepting new investors that are a good fit for your program.

If you were managing properties valued at 10,000,000 and you were on a 10% equity position for oversight, well, you'd have your million quicker than if you bought a million dollar property and paid it off, so don't discount the partnering aspects.

There should also be an option by either party to avoid the contract if any title issue is unacceptable to the buyer and if the expense to cure any title issues exceed the sale proceeds due the seller from settlement.I realize that in many areas the buyer pays for the search, seller or the buyer pays for title insurance.

I try to avoid singles and single mothers.

I began working in this field right before this segment of the debt market blew up in 2007 - my line of work is focused on analyzing the macro aspect of the housing market as it pertains to residential mortgages.

This can all be avoided for the most part.

Hello, after reading and doing more research, I just want to ask about the aspects of being a wholeseller full time.

You want the interest rate to be equal to at least the applicable federal rate which is currently 2.5% or so.It could be different for an installment sale, but that is my understanding of what should be the minimum tax charged to avoid IRS tax implications.

I would avoid Craig's List as well.Place an economical ad in the local Thrifty Nickel or other free weekly publication.