Might not be the sort of job you want to do your self, but if you have access to the underside of the floor you can at least see what's going on.

What I ended up doing was becoming basically self employed in the rehab business to feed me with something a little nicer than beans and to pay little luxuries like utility bills.

Workers comp is a lot better than it was 3 or 4 years ago though, liability seems to be more reasonable too, payroll taxes make me wench every 14th though, that 15% self employment tax I love, it's like, lets just assume everyone is cheating!

Hopefully I won't be too bad off if the IRS checks me out since I believe the short-term capital gains rate is the same as my ordinary tax rate, but I'm starting to think that maybe I should have paid self-employment tax even though I only did a couple.In any case, now that I am going to focus more on REI, I will set up a S-corp to do the fix-and-flips and a llc for the rentals.

Most people start out wholesaling which gives them quick cash and also boosts their self-confidence because they know the business actually works.

Well now I’m 37 and setting a new goal to be self employed by age 40.

If have Dealer staus acording tothe IRS even if you hold a property longer than one year you still pay ordinary income on it and all your gains are subject to self empoyment taxes (ie: Social security @15%~~).

I'm just trying to get my first deal under my belt so I can get some confidence in wholesaling.

The ironic thing is that most Investors still don't realize just how powerful a Self Directed plan can be.

I find that the more confidently i can answer objections the more often i can close the deal.