Be sure to listen to the Podcasts, and to interact on the forums.

Thanks for taking the time to read my post and I look forward to interacting with this awesome community!

I struggled for many years, telling myself "I can't go get a job, I need to make my career in finance work because I know wayyy too many people who are financially independent", without considering the fact that although that's sounds great, when you aren't paying your basic bills and getting in to debt, that can really hurt your motivation to get up everyday excited about what you're doing; and it'll seep out of you and affect the way you interact with people; whether they want to do business with you or not, which obviously hurts your ability to make a profit.

If lien holder on the abandoned property fail to enforce their liens within the 6 year statute of limitations, and if the absent owner does not show up within the 7 year period of adverse possession, my company could either simply continue to quietly collect rent without taking ownership or could quiet the title and sell the property.Eventual acquisition of clear title and sale of the property should not be necessary to make this plan succeed.My idea is that sufficient income would be achieved through managing the various abandoned properties for rents and resources.My company would be serving the community by providing needed low cost housing alternatives –often the opportunity to place or rent an RV on the vacant lots, we’d also provide rentals that tenants can pay for by using their own labor to improve the existing housing.Jobs would be created.And, I believe, the general community will be served by our company maintaining and improving a number of properties which would otherwise become waste.Governmental interaction would be avoided by indefinitely collecting rents on property abandoned by others or at least by not owning the properties until the very end.I would keep the visible business footprint as small as possible.Doubtless this plan involves more work than simpler forms of real estate investing.And working abandoned real estate will require creativity to improve and/or capitalize these properties which are considered undesirable even to their owners.I am attracted to working with abandoned real estate because it provides tremendous privacy.My company can control and collect rent on multiple properties where there is no public record of our interest.

Sit down with your accountant and figure out what your depreciation recapture will be and how that will interact with your capital loss on the sale when you file your next return.2.

feel free to interact in the forums, meet some great people, and definitely provide more value to the community by sharing your thoughts, experiences, and of course, success stories!

Don't ask for a mentor...Instead, ask about your business focus, IE: tax deeds, short sales, wholesaling, etc.Most REIA's have sub-groups that deal with specific market segments.You can get all the education you need as a background right here, and interacting with folks doing the same thing you are will launch your business.

He behaves himself and interacts appropriately, so I personally find it offensive that you believe you can call someone out as a crook and disparage their character but have the right to tell Aaron to stay off the forums simply because he had the courage to tell you - to your face - you are acting like a jerk.

Hello @Justin Pierce,The platform I am working for is called Interactive Shares.We just launched officially last week, but have been working on it for longer.Also I saw that you are from Virginia.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.