Keep up the good work, it's not often such a high quality board is so responsive too!

Hi All,I discovered this site just yesterday and - after several hours of perusing - have been rather impressed by the quality of the posts.

What about buy-and-hold or buy-and-lease methods?

You shouldn't try those other methods until you have at least $15-$20k in the bank, which is just one or two wholesale deals.

Instead we use the method of setting up a bank trust.

A rehab should get you a much higher quality tenant and 7-10 years or so of very minimal expenses.

Well on a $400,000 house, you won't be buying fixtures and such at Home Depot because a house like that will get quality materials.

If you use an accrual method, you report your income when you earn it, therefore you can take a deduction on your tax return.You do not report the debtor to the IRS on form 1099.

At first i didn't get alot of calls but now the numbers of quality calls are going up through the roof.

I think they should create many more of these categories, where you can reach a new one after every 50 or 100 posts, would just increase the fun.But ultimately it is not about the # of posts but the quality.