Hello BP world,My name is Kris Spencer and I have recently gained a stalker like obsession with real estate investing.

Also gain yourself good cleaning person contact info when you are here.

They prefer that you be licensed just so there are no blurred lines of acting in the capacity of a realtor, but that does not mean you can't wholesale in Ohio.The bottom line is Wholesaling is legal because by signing that contract you the buyer has gained "equitable interest" in the property and have now become the "principal". 

Or long term capital gains tax treatment, given the original intent?

I am looking to gain more exposure in the property management industry and keep up on current trends.Glad to meet all of you!

I would also be happy to work with or for another investor to gain more knowledge.

Furthermore, the AML rule applies to residential mortgage originators, regardless of whether they receive compensation or gain for acting in that capacity.

I am buy and hold only, but I would do a flip if I felt I could walk away with enough cash.Based on the amount of profit you stand to gain, I would sell it and take the cash for your next jobs.

My goal in real estate and this site is to gain as much knowledge as possible and to ultimately become successful in this business.

, what you paid for it - the depreciation claimed + any appreciation gained from major repairs not fully depreciated subtracted from your sell price is what you would be taxed on. i believe anything you do will trigger the DOS clause, I'm not a banker and maybe there are others out there that know of a way around it, but if they can't get a mortgage i don't know any way around it but to sell it  on the market. i would also like to hear if someone has a way around this for my own knowledge.