It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

The $8,000 is for a first-time home buyer but the credit is for a primary residence, not an investment property.Here is the IRS website information: http://www.irs.gov/newsroom/article/0,,id=204671,00.html :cool:

Call a bunch of title companies and ask them, they would know.You might or probably will get a lot of title agents have no clue what your talking about so they'll be like, "whats your number and I'll get back to you"if those words are mentioned, either hang up and call another title company or ask them if they can do WRAPS.Wraps are very similar to Sub2s and there is a chance that a title company will understand that.If they tell you NO you cannot do those transaction here in NM, ask them for the proof that you can't or refer you to their legal department to have them explain why it is not legal whether they call it a Wrap or Sub2You could also contact the Attorney Generals office, but your not going to get any straight answers there unless you can find an article or press release relating to Subject to's or 'creative acquisitions in real estate' detailing certain laws that they will most certainly cite in those press releases/articles.What ever you do, do not go to the department of Real Estate or any other agency that is obviously funded and structured for Realtors b/c they will tell you anything outside a standard typical transaction involving an Agent is illegal.Hope that helps

I have seen meany of your posts asking questions on a large variety of different topics and even some wihc advertised you were a wholesaler.

To get the thread back on topic;Attend local meetings put on by self-directed IRA companies like Entrust, etc...

Matthew, read the articles on the wholesaling articles page, and do some reading in the Wholesaling forum.

Hey Will,On the topic of 100% financing, let me run this scenario by you.

Quite often you won’t find that out until you attend.There have been many articles written about clubs on the Bigger Pockets Blog, you may wish to search there as well.

Things could get very interesting.There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central bank of China.Article: http://finance.yahoo.com/banking-budgeting/article/106817/Dollar-Slams-Up-Against-a-Great-Wall?

this is a great way to profit from Sub2's.Once you've done the sub2 with the seller and placed tenants you can easily sell to another investor for an assignment fee.search through some of the other Sub2 wholesaling topics brought up, I've gone into some detail about them before.